The Vizzda Weekly - Phoenix - March 20th, 2017

 

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 

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

OFFICE

 

 

±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)   Vizzda Subscribers - Click Here to View Full Report

 

MULTIFAMILY

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

INDUSTRIAL

 

 

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)    Vizzda Subscribers - Click Here to View Full Report

 

RETAIL

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

The Vizzda Weekly - Greater Phoenix - August 22nd, 2016

 

THE VIZZDA WEEKLY

August 22nd, 2016

 

Last week in Phoenix, Vizzda tracked $389,410,327 in commercial transactions including 45 sales and 14 new projects. Below are reports for five of those events.

 

LAND

 

 

Commercial Land in Litchfield Park Purchased for $2.45M   On August 17th, Richard Ehret purchased the 1.05 acre property from Stephen Stine for $2.45M.    (1 of 8 land sales last week)   View Full Report   View PDF Report

 

OFFICE

 

 

Medical Office Condo in Phoenix Purchased for $743K    On August 16th, Nicholas & Danielle Cicogna purchased this 5,733 medical office condo from Sabrina Dhanjal and Karun Gaba with funding of $696K originated through SeaCoast Commerce Bank.    (1 of 7 office sales last week)   View Full Report   View PDF Report

 

MULTIFAMILY

 

 

130-Unit Apartment Complex in Phoenix Purchased for $5.85M     On August 18th, Caliber West Development purchased the 2.27 acre apartment complex for $5.85M.      (1 of 9 multifamily sales last week)   View Full Report   View PDF Report

 

INDUSTRIAL

 

 

Industrial Flex in Scottsdale Purchased for $5M   On August 17th, Glassir Capital Partners purchased the 3.5 acre property from CW Capital for $5M with $4.375 in funding with Enterprise Bank & Trust.     (1 of 5 industrial sales last week)   View Full Report   View PDF Report

 

RETAIL

 

 

Scottsdale Waterfront Retail Condos Purchased for $52M   On August 17th, Weingarten Realty purchased six retail condos and one office condo in Scottsdale totaling 94,052 SF from Metzler Realty Advisors for $52M.       (1 of 16 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 May 27th, 2016

Keeping You Up-To-Date with Commercial Real Estate Deals in the Phoenix Metro Market
The Vizzda Weekly is Vizzda's complimentary recap of the industry's commercial real estate activity for the previous week in Greater Phoenix. The Vizzda Weekly tells you the total number of sales and projects tracked by Vizzda that week, as well as detailed information on a selected deal or project from each major asset class. Keep in mind, this is just the tip of the iceberg. Vizzda provides in-depth information for all commercial properties in Greater Phoenix, including, Office, Industrial, Retail, Multifamily, Commercial Land, Residential Lots and much more.
For The Week Ending May 27th, 2016 Vizzda reported 73 sale events totaling $294,406,117 in transaction value in the Phoenix Metro Market. Vizzda also cataloged 3 Planning & Zoning events.
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What Happened in LAND Last Week? Vizzda reported 13 Land Sale events in the Phoenix Metro Market.
	Featured Land Sale: ±12 Acres of Vacant Commercial Land in San Tan Valley Purchased for $3M      Scott Seldin purchased this property on 5/16/2016 from David Leyvas for $3M and with $3.1M seller-carry debt. The property is 12.86 acres of vacant commercial land zoned CB-2.   Vizzda Subscribers - click here to access the full report.
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What Happened in OFFICE Last Week? Vizzda reported 8 Office Sale event in the Phoenix Metro Market.
	Featured Office Sale: Two-Building Medical Office in Mesa Sold for $2.35M      On 5/20/2016, Edna Gilbert and Teresa Cooper sold this medical office complex to Dr. Jason Heavens and his wife Roxanne, dba Heavens Medical, for $2.35M and $1.7625 in new debt with Western State Bank maturing5/20/2021. The property consists of  two buildings on ±2 acres totaling 20,464 SF.      Vizzda Subscribers- click here to access the full report.
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What Happened in MULTIFAMILY Last Week? Vizzda reported 11 Multifamily sale events in the Phoenix Metro Market. Vizzda also cataloged 1 Multifamily Planning and Zoning events.
	Featured Multifamily Sale: 51-Unit Multifamily Property Near McDowell Road Purchased for $3.1M  This apartment complex was purchased 5/23/2016 from Laguna Point Properties for $3.1M with $860K down and $2.24M new debt with New York Community Bank. Two buyer entities acquired this property TIC (tenancy-in-common) totaling 87.84%. This property consists of three buildings totaling ±48,450 RSF and is zoned R-5.  Vizzda Subscribers - click here to access the full report.
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What Happened in RETAIL Last Week? Vizzda reported 14 Retail Sale events in the Phoenix Metro Market. Vizzda also cataloged 1 Retail Planning and Zoning events.
	Featured Retail Sale: Retail Building on Mill Avenue Sold for $2,135,650 Simon Commercial Real Estate sold this property to Montecito Real Estate Investments on 5/20/16 for $2,135,650. This retail property is 3,228 SF built on ±9059 SF and is zoned City of Tempe CC.    Vizzda Subscribers - click here to access the full report.
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What Happened in INDUSTRIAL Last Week? Vizzda reported 15 Industrial Sale events in the Phoenix Metro Market.
	Featured Industrial Sale: ±23 Acre Manufacturing Facility in Gilbert Purchased for $6M Weinberger Waste Disposal purchased this property from Schuff Steel on 5/26/2016 for $6M, with $740,960 down and $5,259,040 in debt with JPMorgan Chase Bank. The property is three single-story buildings on 23.32 acres which includes a ±7K SF office and a secure yard.   Vizzda Subscribers - click here to access the full report.
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