The Vizzda Weekly - Greater Phoenix - September 6th, 2016

 

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

 

 

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)   View Full Report   View PDF Report

 

OFFICE

 

 

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)   View Full Report   View PDF Report

 

MULTIFAMILY

 

 

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)   View Full Report   View PDF Report

 

INDUSTRIAL

 

 

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)   View Full Report   View PDF Report

 

RETAIL

 

 

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)   View Full Report   View PDF Report

 

 

 

The Vizzda Weekly - Greater Phoenix - August 1st, 2016

 

THE VIZZDA WEEKLY

August 1st, 2016

 

Last week in Phoenix, Vizzda tracked $364,527,366 in commercial transactions, including45 new commercial sales and 9 new projects. Below are reports for five of those events.

 

LAND

 

 

Avondale Commercial Land Purchased for $1.625M   On July 27th, Francis & Sons Car Wash acquired this property from William Douglas Moreland of Moreland Dealerships for $1,625,000.   (1 of 7 land sales last week)   View Full Report   View PDF Report

 

OFFICE

 

 

Office Park in Tempe Purchased for $1.4M    On July 27th, Hafez Azadeh acquired this property from Tony Lofgreen for $1,400,000, with $1,400,000 in assigned debt with National Guardian Life Insurance Company.   (1 of 10 office sales last week)   View Full Report   View PDF Report

 

MULTIFAMILY

 

 

159-Unit Complex in Glendale Purchased for $6.85M   On July 26th, Diego Goldfarb of Infinity BH purchased this property from Todd Glick for $6,850,000, with $5,137,500 in new debt with Opus Bank.   (1 of 6 multifamily sales last week)   View Full Report   View PDF Report

 

INDUSTRIAL

 

 

Single Tenant Warehouse in Tempe Sold for $9.3M   On July 28th, Boyd Watterson Management acquired this property from Doug Bradley Trucking for $9,300,000.   (1 of 9 industrial sales last week)   View Full Report   View PDF Report

 

RETAIL

 

 

Bank Branch on Happy Valley Road Purchased for $3.55M   On July 22nd, Eduard Hovy and Shigeko Nariyama-Hovy purchased this property from Cypress Equities for $3.55M with $1.243M down and $2.307M new debt with Armed Forces Bank.     (1 of 13 retail sales last week)   View Full Report   View PDF Report

 

 

The Vizzda Weekly - Phoenix - July 18th, 2016

     

THE VIZZDA WEEKLY

July 18th, 2016

Last week in Phoenix, Vizzda tracked $268,687,449 in commercial transactions, including 53commercial sales and 4 new projects. Below are reports for five of those events. 

LAND

Penske Purchases 15 Acre Land in Phoenix On July 13th, 2016, an entity tracing to Penske Automotive purchased this property from Southwest Regional Carpenters for $4,662,226. The property is 15.41 acres of industrial land, zoned A-1.  (1 of 10 land sales last week) View Full Report

OFFICE 

Mesa Northeast Animal Hospital Purchases 2-Story Medical Office  On July 11th, 2016, Mesa Northeast Animal Hospital purchased this property from Noe's Ark Animal Hospital for $755,000 and a $1,521,300 SBA loan originated through Capital Source. The property is 4,147 SF medical office in one two-story building, zoned O-S.  (1 of 12 office sales last week)   View Full Report

MULTIFAMILY 

Univest Purchases 140-Unit Apartment Complex in Phoenix  On July 8th, 2016, Univest Inc. purchased this property from Water Tower Realty as an undivided 80% interest for $6,400,000. The property consists of 140-unit apartments in ten 2-story buildings on 3.95 acres, zoned R-4.   (1 of 6 Multifamily sales last week)  View Full Report

INDUSTRIAL 

Ross Equipment Rentals Purchased Industrial Flex Warehouse with Cranes in Phoenix On July 11th, 2016 Ross Equipment Rentals purchased this property from Nicholas Ganem for $2,074,250 with $1,074,250 down and $1,000,000 debt with National Bank of Arizona. The property is a 42,845 SF industrial flex warehouse in four single-story buildings on 4.82 acres, zoned A-1.  (1 of 12 industrial sales last week) View Full Report

RETAIL 

Jacqueline Abboud Purchased Retail Strip in Tempe  On July 11th, 2016, Jacqueline Abboud purchased this property from John Teberg for $2,060,000, with $1,686,274.50 in new debt with First State Bank. The property is an 18,170 SF retail strip in one multi-tenant building on 1.53 acres, zoned CSS.  (1 of 13 retail sales last week) View Full Report

Phoenix Vizzda Weekly - week ending 2/12/16

Keeping you up-to-date with CRE deals in the Phoenix Metro Market
Team Vizzda would like to present Vizzda Weekly - our complimentary weekly recap of commercial real estate activity in the Phoenix Metro Market. Every Monday we send out Vizzda Weekly with the number of events we reported on and cataloged along with some featured events from the previous week.
Keep in mind, this is just the tip of the iceberg. Vizzda provides in depth information for all commercial properties - Multifamily, Office, Industrial, Retail, Storage, Hospitality, Mobile Home, Senior Facilities, Golf, Hospitals, Land & Lots - in the Phoenix Metro Market to our subscribers.
For the week ending February 12th, 2016 Last week, Vizzda researched 51 Sale events totaling $276,349,246 in transaction value. We also reported on and cataloged 3 Distressed Property notices and 23 Planning & Zoning events.
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What happened in LAND last week? Vizzda reported on and cataloged 10 Land Sales and 1 Notice for Trustee Sale in the Phoenix Metro Market.
	Featured Land Sale: ±7.94 Acres Sells for $5.575M in Mesa An entity tracing to Medical Properties Trust purchased this land on 2/11/2016 for $5.575M. Seller traces to El Dorado Holdings and has leased to First Choice Emergency Room. The property consists of ±7.94 acres of vacant commercial land with City of Mesa and is zoned LC.    please click here for the full report.
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What happened in OFFICE last week? Vizzda reported on and cataloged 10 Office Sales, 2 Notices for Trustee Sale and 1 proposed Office Planning & Zoning event in the Phoenix Metro Market.
	Featured Office Sale: ±1.39 Acre Office Property Sells for $675K in Phoenix  An entity tracing to Bakerson (Jesse D Martin & Bruce B Wuollet) purchased this property on 2/9/2016 for $675K. Seller traces to Connexion Asset Group (Edwin G Anderson). The property consists of eight buildings built on ±1.39 acres and is zoned C-2  Vizzda subscribers - please click here for the full report.
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What happened in MULTIFAMILY last week? Vizzda reported on and cataloged 8 Multifamily Sales and 2 proposed for Planning & Zoning events in the Phoenix Metro Market.
	Featured Multifamily Sale: ±38.64 Acre Mobile Home Property Sells in San Tan Valley for $14.63M An entity tracing to Fred J. Flemming purchased this mobile home property on 1/20/2016 for $14.63M with $7.065M down and $7.065M debt with Wells Fargo Bank. The seller traces to John Paul Donohue & Peter Donohue. The property consists of 162-space mobile home park on ±38.64 acres and is zoned MHP & CB-2. Vizzda subscribers - please click here for the full report.
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What happened in RETAIL last week? Vizzda reported on and cataloged 9 Retail Sales and 3 proposed Retail Planning & Zoning events in the Phoenix Metro Market.
	Featured Retail Sale: ±6 Acre Retail Property Sells for $2.2M in Glendale  Jason Simpson, dba New Deal Used Cars bought this property 2/8/2016 for $2.2M with $600K down, $1.0M new debt with Del Mar Financial and Investments and $600K seller-carried. Seller entity traces to Tristar Properties. The property consists of ±44K SF Automotive Dealership & Repair with Four buildings on ±6.88 acres and is zoned C-3.    Vizzda subscribers - please click here for the full report.
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What happened in INDUSTRIAL last week? Vizzda reported on and cataloged 4 Industrial Sales and 2 proposed Industrial Planning & Zoning events in the Phoenix Metro Market.
	Featured Industrial Sale: ±5.3 Acre Industrial Property Sells for $5.7M in Phoenix William & Abby Itule purchased this property on 2/5/2016 for $5.7M with $1.6M down and debt with Meridian Bank with a note amount up to $8.965M. The property consists of ±76K SF warehouse on ±5.38 acres and is zoned CP-GCP.     Subscribers - please click here for the full report.
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DISCLAIMER: The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person viewing this information to independently verify it.