Monthly Archives: April 2012

Listing: Vacant Commercial Land in Goodyear, AZ

SEC Estrella Pkwy & Elliot Rd, Goodyear, AZ.

Our team has obtained the exclusive listing on the SEC of Estrella Parkway and Elliot Road in Goodyear, Arizona. The site is 4.72 acres and zoned PAD. The zoning will allow for multiple commercial and retail uses. In the heart of the master planned community of Estrella. It’s directly across the street from the brand new Mountain Ranch Marketplace at Estrella with the anchor Safeway.
 
 

Click here for Property Flyer.

New Listing: Mobile Home Park in Tempe with Redevelopment Opportunity

1707 E Apache Blvd, Tempe, AZ.

 

This property has just been listed by our Special Asset Solutions team. The Mobile Home Park is 100% occupied and has 79 mobile homes and 6 apartments. The location is perfect for a redevelopment opporunity due to the fact it is located in Tempe, and in such close proximity to Arizona State University. We have priced the property below actual land sales along Apache Light Rail Corridor.

New Listing: Bank Owned – Mountain View Plaza

4434 E Brown Rd, Mesa, AZ.

This property has just been listed for sale by our team and we wanted to share it with you as an opportunity to buy a building for your practice or as an investment, with an existing income from other tenants. The building is approximately 6,000 sf with an approximately 2,460 sf vacant suite that was formerly occupied by a dentist. The suite has 6 operatories and equipment is also available for purchase. The property offers frontage on Brown Road and is the center is anchored by Mountainside Fitness.

Click here for Property Flyer.

 

Phoenix and Tempe expected to lead commercial real estate rebound

There are continued indications that when the commercial real estate market awakens from its recession-induced slumber that downtown Phoenix and Tempe’s Mill Avenue will sound the wake-up call.

A first quarter analysis of the Phoenix-area office market by Lee & Associates Commercial Real Estate Service shows the Valley’s office vacancy rates at 27 percent.

Read more: http://www.bizjournals.com/phoenix/news/2012/04/16/phoenix-and-tempe-expected-to-lead.html?surround=etf&ana=e_article

Alta Phoenix Lofts sell for $59.5 million

Wood Partners of Atlanta sold Alta Phoenix Lofts at 600 N. Fourth St. in downtown Phoenix to Weidner Investment Services of Kirkland, Wash., for $59.5 million. Tyler Anderson, Sean Cunningham and Asher Gunter of CBRE in Phoenix represented the seller, and the buyer was self-represented in the sale of this 332-unit luxury high-rise apartment community. Built in 2009, Alta Phoenix Lofts is an upscale, urban community offering unique loft-style living and modern amenities. The eight-story property has a resort-style swimming pool, private clubhouse, cybercafe, 24-hour fitness center, yoga and meditation studio, media lounge and ground-level retail along Fillmore and Third streets. The community was 93 percent occupied at the time of sale.

Read more: http://www.azcentral.com/business/abg/articles/2012/04/12/20120412alta-phoenix-lofts-sell-million.html#ixzz1rwVqqvBV

SkySong set to lease new buildings

SkySong, the Arizona State University Scottsdale Innovation Center, this week kicks off pre-leasing for two office buildings that will be the only sizable office construction this year in south Scottsdale.

SkySong now includes two multistory office buildings totaling about 300,000 square feet. The buildings are about 98 percent occupied and house a workforce of more than 1,000 people.

Read more: http://www.azcentral.com/business/realestate/articles/2012/04/11/20120411skysong-set-lease-new-buildings.html

New Listing: Class A Office Building in Scottsdale, Arizona

17200 N Perimeter Dr, Scottsdale, AZ.

This is a new co-listing with C-III Realty Services. The investment property opportunity is a two-story multi-tenant office building located in the prestigious Perimeter Center office area of north Scottsdale. The property is currently +/-72% occupied with fully finished vacant suites available.

An ideal office property for an owner/user who can leverage the existing cash flow. Located 1/2 mile from major freeway. Direct access to millions of square feet of specialty retail shops, fine dining, resort facilities and entertainment venues located in a two mile area of the property.

Click here for Property Flyer.