THE VIZZDA WEEKLY
March 20th, 2017
Last week in Phoenix, Vizzda tracked $199,554,762 in commercial real estate transactions
including 58 sales and 18 new projects. Below are Vizzda's top reports of the week.
PLANNING & ZONING
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Hotel Addition Proposed for CopperWynd Resort & Club in Fountain Hills
The Fountain Hills Town Council introduced a Development Agreement on March 16th which includes proposed redeveleopment with a 300-room hotel, conference facility, restaurant, and other uses.
(1 of 18 planning & zoning events last week)
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LAND
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Dollar Self Storage Buys Land Proposed for New Peoria Facility
For $1.9 million, Dollar Self Storage purchased 4.5 acres near the northwest corner of Lake Pleasant Parkway and Pinnacle Peak Road. The site is proposed for a 901-unit storage facility.
(1 of 15 land sales last week)
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OFFICE
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±10,000 Square Foot Scottsdale Medical Office Purchased by Cave Creek Investor
The medical offices at 2255 N Scottsdale Road sold on March 10th for $3.9 million. The property was built 1988 at the southeast corner of Scottsdale Road and Oak Street.
(1 of 7 office sales last week)
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MULTIFAMILY
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Terrace Park Apartments in Phoenix Sell for $14,250,000
Canada-based investors Western Wealth Capital purchased the Terrace Park Apartments Thursday for $14.25 million, funded by a Freddie Mac loan of $10.7 million.
(1 of 13 multifamily sales last week)
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INDUSTRIAL
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21,938 Square Feet of Industrial Flex Sells for over $2 Million
An investor from Wisconsin purchased Lot 7 of University Industrial Park in Tempe for just over $2 million. The property totals over 20,000 square feet and was built in 1983.
(1 of 11 industrial sales last week)
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RETAIL
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Local Investor Pays over $4 Million for New Raising Cane's Restaurant
A Paradise Valley investor purchased the new Raising Cane's near Bell Road and 12th St from developer Evergreen Development Company for $4,105,000.
(1 of 13 retail sales last week)
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