THE VIZZDA WEEKLY
December 12th, 2016
Last week in Phoenix, Vizzda tracked $161,069,758 in commercial real estate transactions
including 59 sales and 25 new projects. Below are Vizzda's top reports of the week.
PLANNING & ZONING
106 New Single Family Homes Proposed for Development in Phoenix
On December 7th, The Phoenix City Council introduced a Final Plat for a 106-lot, single family residential subdivision totaling 23.43 acres, as well as 6.1 acres dedicated to commercial development.
(1 of 25 planning & zoning events last week)
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LAND
Gilbert Land Proposed for New Charter School Purchased for $11.25M
On December 6th, American Leadership Academy purchased 42.7 acres of land from Gabel Investments Incorporated for $11,250,000. The property is proposed for the development of a 2-story American Leadership Charter School.
(1 of 10 land sales last week)
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OFFICE
Multi-Tenant Office in Phoenix Purchased for $2.06M
On December 7th, Sunbelt Holdings purchased three multi-tenant buildings totaling 5,853 SF from Mike Oleskow and Russell Haan for $2,062,500.
(1 of 9 office sales last week)
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MULTIFAMILY
60-Unit Apartment Complex in Phoenix Purchased for $5.425M
On December 2nd, Newcastle Realty Services purchased an apartment complex in Phoenix consisting of 60 units in six buildings on 2.2 acres from Momentum Brokers for $5,425,000 with $3,523,000 in new funding with Opus Bank, maturing December 1st, 2026.
(1 of 8 multifamily sales last week)
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INDUSTRIAL
Manufacturing Facility in Mesa Purchased for $3.85M
On December 5th, Industrial Springs Company purchased a 58,900 square foot manufacturing facility that includes an office, fenced yard and grade doors, from Chris Sahm for $3,850,000 with $2,138,889 and $1,711,110 in new funding with Anchor Bank.
(1 of 8 industrial sales last week)
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RETAIL
Neighborhood Shopping Center in Avondale Purchased for $22.5M
On December 5th, Phillips Edison & Company purchased a neighborhood shopping center consisting of three multi-tenant buildings on 17.43 acres from West Valley Properties for $22,500,000 with $14,530,000 in assumed CMBS debt with US Bank, serviced by Wells Fargo and LNR Partners.
(1 of 24 retail sales last week)
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