The sale of 5131 W McDowell Rd., a 7,408 square foot building built in 1991 was recently recorded. The location of the property is Phoenix, Arizona. The property sold to CVP – McDowell Annex, LLC, an Arizona Limited Liability Company. The seller was El Guero Canelo East LLC. The sales price was $994,000.00 which equates to $134.18 per square foot. The building was 16% leased at closing.
Jake Ertle and Nic Chavira of Rein and Grossoehme Commercial Real Estate represented the seller and the buyer. Jake Ertle and Nic Chavira specialize in the leasing and sale of retail buildings.
Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.