THE VIZZDA WEEKLY
September 19th, 2016
Last week in Phoenix, Vizzda tracked $164,189,991 in commercial transactions including 53 sales and 17 new projects. Below are reports for five of those events.
LAND
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Finished Lots in Peoria Purchased for $4.7M
On September 14th, DR Horton purchased 58 lots in Vistancia and Rancho Cabrillo from Paulson & Company for $4,764,900 or $82,153.45 per lot.
(1 of 8 land sales last week)
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OFFICE
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Office in Scottsdale Purchased for $7.1M
On September 16th, Alvarado Realty Company purchased one 3-story office building totaling 52,696 square feet from TA Realty for $7,102,722 with $4,615,000 in new funding with Mutual Omaha Insurance.
(1 of 11 office sales last week)
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MULTIFAMILY
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45-Unit Apartment Complex in Phoenix Purchased for $3.46M
On September 9th, Holly & Associates purchased a 45-unit apartment complex in Phoenix totaling 29,852 improved square feet from Cristian Covaciu for $3,460,000 with $760,000 down and $2,700,000 in new funding with Bellwether Enterprise Mortgage Investments.
(1 of 10 multifamily sales last week)
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INDUSTRIAL
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Storage Facility in Phoenix Purchased for $7.93M
On September 12th, Advantage Storage purchased a 71,837 square foot storage facility in Phoenix from Eugene Cox for $7,930,000.
(1 of 9 industrial sales last week)
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RETAIL
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Restaurant in Glendale Purchased for $4.8M
On September 9th, Jane Jennings purchased a 3,058 square foot fast-food restaurant from Daytom Enterprises for $4,800,000 with $1,000,000 in new funding with Homestreet Bank, maturing on October 1st, 2031.
(1 of 15 retail sales last week)
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