Bill Alter is pleased to announce the sale of Ranch Self Storage located at 1930 S. Pennington Street in Mesa, AZ. The sale closed on October 26, 2017 at a selling price of $2,875,000. This price represents a cap rate of about 5.5%. Ranch Self Storage was constructed in 1979 and consists of 7 buildings, […]
SCOTTSDALE, AZ (October 24, 2017) – Jared Lively of Rein & Grossoehme represented Scottsdale-based developer SimonCRE on the $5,300,000 purchased of 45,559 SF Retail Property, consisting of three retail buildings, at the NWC of Gilbert Road and Southern Avenue in Mesa, Arizona. The property includes a 36,241-square-foot former gym, a 3,660-square-foot Banner Urgent Care, and […]
A Sale of a 10,756 sf office building known as Thomas Suites at 2425 E. Thomas Road in Phoenix, AZ recently sold for $675,000 ($63 per sf), the buyer was Thomas J. Dechant Separate Property Trust and the seller was FTC 28, LLC. Jared Lively of Rein & Grossoehme represented both the Buyer and the […]
A Sale Transaction for a 5,221 sf Restaurant Building known as Riazzi’s italian at 2700 S. Mill Ave in Tempe, AZ recently sold for $1,200,000 ($229 per sf), the buyer’s are the owners of Boulder’s on Broadway and Spoke’s on Southern restaurant and craft beer houses under Geryol Briggs, LLC. The seller was Riazzi’s […]
The sale of an industrial warehouse located at 3717 West Washington Street, Phoenix, AZ was recently recorded. The 46,266 square foot industrial warehouse, built in 1991 is located within the Reywest Commerce Center. The property sold to CAM Investment 354 LLC, a California Investment firm. The seller was Johnson Grove Partnership. The sales price was […]
The sale of Hayden Design at 83rd, a 20,468 square foot retail, industrial showroom built in 2006 was recently recorded. The location of the property is 15330 N. Hayden Road in Scottsdale, Arizona. The property sold to RW Partners LLC, a Phoenix Investment firm. The seller was Hayden 83rd Investments LLC. The sales price was […]
The sale of Camelback West Shopping Center, a 44,460 square foot shopping center built in 1954 was recently recorded. The location of the property is 3601 W. Camelback Road in Phoenix, Arizona. The property sold to JARM LLC as part of a 1031 exchange. The seller was Camelback Phoenix Partners LP. The sales price was […]
Bill Alter closed on the $2,775,000 sale of Tucson Self Storage, representing his 156th successful self-storage closing. The sale closed on June 1, 2017. The property consisted of 584 units with a total of 46,770 square foot. It was located at 6459 E. Golf Links Rd in Tucson, Arizona. The seller was general partnership consisting […]
The sale of the Former Feeders Grain Facility, consisting of approximately 97,000 SF of buildings on ± 9.68 Acres, zoned A-1/A-2 Industrial was recently recorded. The location of the property is 310 S. 24th Avenue in Phoenix, Arizona. The property sold to H & Smoochie’s, LLC. The Seller was TE Max Enterprises II, LLC. […]
The sale of 1919 E. University Drive, Phoenix, AZ, a 53,000 square foot industrial building built in 1992 was recently recorded. The property sold to Adler Realty Investments, a California Investment Real Estate Firm. The seller was Obed Properties, Inc. from Edmonton Canada. The sales price was $2,850,000 which equates to $53.67 per square foot. […]