The sale of approximately 10,780 SF of buildings on ± 2.19 Acres of land was recently recorded. The location of the property is 3202 W. Durango Street in Phoenix, AZ. The property sold to MXS Holdings, LLC. The Seller was Elmer and Karen Skoog. The sale price was $625,000. The property is zoned A-1 light industrial. […]
A 21,000 square foot Pad Site at the NWC of Pinnacle Peak & 19th Ave. in Phoenix, AZ recently sold for $275,000 ($13 per square foot).The buyer plans to build a Salad and Go. The seller was Pinnacle Campus, LLC and the buyer was Southwest General Development, LLC. Jared Lively of Rein & Grossoehme represented […]
The sale of 2818 E. Illini Street, Phoenix, Arizona, a 16,510 square foot industrial building was recently recorded. The property sold to Redeka Venture, LLC, an Arizona Limited Liability Company. The seller was Illini Property, LLC. The sales price was $850,000.00 which equates to $51 per square foot. Jake Ertle of Rein & Grossoehme Commercial […]
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 […]