The sale of 9299 E. Olive Ave. #807, a 3,105 square foot industrial condo built in 2006 was recently recorded. The property sold to Desert Fox Refrigeration. The sales price was $235,000 which equates to $75 per square foot. The building was vacant at closing. Richard Mackay of Rein & Grossoehme represented the seller. For more […]
The sale of 4117 N 16th St., a 5,000 square foot restaurant built in 1965 was recently recorded. The property sold to Ingallina’s Boxed Lunch. The seller was 4117 N 16th St. LLC. The sales price was $795,000 which equates to $159 per square foot. The building was vacant at closing and the buyer plans […]
The sale of Bethany Professional Center, a 17,296 square foot office building built in 1963 was recently recorded. The location of the property is 2610 West Bethany Home in Phoenix, Arizona. The property sold to Bethany Home Road Carwash LP. The seller was Baha Witwit. The sales price was $550,000, which equates to $31.80 per […]
Bill Alter is pleased to announce the sale of Armored Mini Storage located at 13845 N. 7th Street, Phoenix, AZ. The sale closed on September 8, 2016 for $7,930,000, which represents approximately $163 per square foot and a cap rate of about 5.2%. Armored Mini Storage is a 3-story, climate controlled facility constructed in 2000. […]
A sale of a 9,213 SF restaurant, known as the former TGI Fridays building on I-17, was recently sold. The location of the property is 11025 N Black Canyon Hwy, Phoenix, AZ 85029. The property sold to a private buyer, that intends to operate a Korean BBQ restaurant. The seller was the Dreyfuss Family Trust. […]
Bill Alter is pleased to announce the sale of Storage Max Self Storage located at 11900 W.N. 91st Ave., Peoria, Arizona. The sale closed on June 7, 2016 for $3,500,000, which represents approximately $52 per square foot and a cap rate of about 5.35%. The property was constructed in 1986 and consisted of about 69,825 […]
Sandy Alter of Rein & Grossoehme Commercial Real Estate represented the seller for the sale of Randolph Place Apartments, a 19-unit apartment complex located at 2843 E. 17th Street in Tucson, Arizona. The property sold to the Eddy Revocable Trust, and the seller was Randolph Place Limited Partnership. The sale price was $677,500 which equates […]
Two self storage transactions were recently recorded in Arizona, both brokered by Bill Alter of Rein & Grossoehme Commercial Real Estate. One sale involved a property located in the Town of Maricopa that sold for $5,250,000. The property was built in 2006 and consisted of 70,539 square feet and 569 units. The seller was an […]
A 16,538 sf retail center known as Fletcher Heights Marketplace at the SEC of 83rd Avenue & Lake Pleasant Parkway in Peoria, AZ recently sold for $2,800,000 ($169 per sf). The buyer was Plaza Las Americas Holdings, LLC. The seller was Eleven Investments, LLC. Jared Lively of Rein & Grossoehme represented the Buyer on this […]
Bill Alter is pleased to announce the sale of Foothills Self Storage located at 4555 N. 1st Avenue in Tucson, Arizona. The sale closed on March 10, 2016 for $7,500,000, which represents approximately $120 per square foot and a cap rate of about 5.7%. The property was constructed in 1996 and consisted of about 62,770 […]