Bill Alter sold Active Discount Storage located at 7590 W. Olive Avenue in Peoria, Arizona. The sale closed on August 28, 2015 for $3,9000,000, which represents approximately $51 per square foot and a cap rate of about 5.8%. The property consisted of about 76,500 square feet and 700 units. Occupancy at time of closing was […]
The sale of a gas station at the SWC of Higley and Brown was recently recorded. The location of the property is in Mesa, AZ. The property sold to Iron Springs Shell, LLC. The sales price was $800,000.00. The gas station will continue to operate. Jim Edwards of Rein & Grossoehme Commercial Real Estate represented […]
A Sale Transaction for a 6,036 sf former Blockbuster building at 3512 E. Southern Ave. in Mesa, AZ recently sold for $760,000.00 ($125 per sf), buyer plans to find a single tenant operator. The seller was J.P. Patel Trust, and the buyer was Mohr Property Burbank, LLC. Jared Lively of Rein & Grossoehme represented the […]
The sale of Iron Springs Shell Gas Station was recently recorded. The location of the property is the southeast corner of Baseline Rd and Power Rd in Mesa, Arizona. The property sold to Evergreen Dev Co, a developer. The sales price was $1,000,000.00. The gas station was not operating at closing and is scheduled for […]
Bill Alter sold Arrow Self Storage Center located at 1055 W. Guadalupe in Mesa, Arizona. The sale closed on April 29, 2015 for $6,300,000, which represents approximately $75 per square foot. The property consisted of about 84,000 square feet and 858 units, a small number of which were climate controlled. Occupancy at time of closing […]
Bill Alter closed on the sale of Palo Verde Mini Storage located at 255 E. McKellips Rd. in Mesa, Arizona. The property sold on April 16, 2015 for $3,925,000, which represents approximately $70 per square foot and a cap rate on in-place income of 5.3%. Palo Verde Mini Storage consisted of about 57,000 square feet […]
The sale of Scottsdale Mountainside Shops, a 7,936 square foot shopping center was recently recorded. The location of the property is 10767 N 116th Street in Scottsdale, Arizona. The property sold to BDRE Holdings, LLC, an Arizona Limited Liability Company. The seller was Lucile, LLC, a California Limited Liability Company. The sales price was $1,496,000.00 […]
The sale of 5.8 acres of land was recently recorded. The location of the property is 9255 S. Rita Rd., in Tucson, AZ. The property sold to Rose Garden III Limited Partnership. The seller was Diamond Ventures. The sale price was $1,500,000.00 which equates to $5.96 per square foot. Jim Edwards of Rein & Grossoehme […]
The sale of McClintock University Industrial, a 21,136 square foot Industrial Showroom built in 2006 was recently recorded. The location of the property is 1775 E. University in Tempe, AZ. The property sold to McClintock University Investment Partners, LLC. The seller was Garage Classics LLC. The sales price was $1,900,000, which equates to $89.90 per […]
The sale of the Marcos Draperies Building, an 8,952 square foot retail showroom built in 2008 was recently recorded. The location of the property is 4305 E. Bell Road in Phoenix, Arizona. The property sold to Dunn-Edwards Corp., who plans to occupy the building. The seller was Frushon Family Living Trust. The sales price was […]