THE VIZZDA WEEKLY
October 31st, 2016
Last week in Phoenix, Vizzda tracked $244,726,613.00 in commercial real estate including57 sales and 2 new projects. Below are Vizzda's top transactions of the week.
PLANNING & ZONING
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New Preschool Proposed for Development in Tolleson
On October 25th, The Tolleson City Council introduced a Site Plan during a public meeting for the development of a 8,787 square foot preschool with play yard, four fabric shade canopies and 53 parking spaces.
(1 of 2 planning & zoning events last week)
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LAND
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Vacant Land in Phoenix with Utility Storage Purchased for $496K
On October 27th, Michael Smith purchased vacant land in Phoenix totaling 20,691 square feet from Henry Rybacki for $496,584.00.
(1 of 18 land sales last week)
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OFFICE
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Multi-Tenant Medical Office Near Camelback Road Purchased for $1.6M
On October 24th, Aaron Kuhl purchased a three-story building totaling 19,151 square feet from Robert Pavese for $1,600,000 with $2,050,000 in new funding with MidFirst Bank, maturing October 27th, 2019.
(1 of 8 office sales last week)
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MULTIFAMILY
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Apartments Near 48th Street and Thomas Purchased for $10.6M
On October 25th, Calum DeSouza purchased an 155-unit apartment complex totaling 100,674 square feet from Tae Kai and Siobhan Tapia for $10,600,000 ($68,387 per unit) with $7,950,000 in new funding with FirstBank, maturing November 1st, 2026.
(1 of 6 multifamily sales last week)
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INDUSTRIAL
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Auto Salvage Yard in Phoenix Purchased for $2.25M
On October 24th, Albino Perez purchased 14.5 acres of industrial space from Aaron Siroonian for $2,250,000 with $1,450,000 in seller-carried debt.
(1 of 8 industrial sales last week)
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RETAIL
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Community Shopping Center in Tempe Purchased for $36.75M
On October 27th, Phillips Edison & Company purchased nineteen single-story buildings on 26.36 acres from West Valley Properties for $36,750,000 with buyer assumption of sellers $24,350,000 debt with Wells Fargo.
(1 of 17 retail sales last week)
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