THE VIZZDA WEEKLY
September 6th, 2016
Last week in Phoenix, Vizzda tracked $391,036,906 in new commercial transactions including64 sales and 7 new projects. Below are reports for five of those events.
LAND
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Land Proposed for Hotel in Chandler Purchased for $1.8M
On August 31st, a joint venture with Statesman Group and HCW Development purchased 2.3 acres of commercial land from Statesman Group for $1,800,000.
(1 of 13 land sales last week)
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OFFICE
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Four-Story Office in Phoenix Purchased for $14M
On August 29th, Boyd Watterson Asset Management purchased a 60,142 SF multi-tenant office building from Mark IV Capital for $14,000,000.
(1 of 12 office sales last week)
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MULTIFAMILY
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Apartments Near 19th Avenue and Northern Purchased for $19.6M
On August 31st, Daniel Hick purchased a 266 unit, 2-story apartment complex from WLA Investments for $19,600,000 with financing through Berkeley Point Capital for $15,740,000.
(1 of 12 multifamily sales last week)
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INDUSTRIAL
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Flex Warehouse in Glendale Purchased for $2M
On August 30th, George Burns purchased a 21,069 SF flex warehouse from Alichia Moore for $2,000,000.
(1 of 13 industrial sales last week)
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RETAIL
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Retail Strip in Avondale Purchased for $3.9M
On August 30th, Alan Lee purchased a 12,581 SF retail strip from Lanny Love for $3,900,000 with $1,750,000 down and $2,150,000 in new financing with US Bank. Portions of the property are net-leased to FedEx and Pei Wei.
(1 of 14 retail sales last week)
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