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 […]
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 […]
The sale of approximately 8.73 Acres Zoned IND-3, Heavy Industrial, Maricopa County, with a 2,500 Square Foot office building and a ±4,500 square foot maintenance shop was recently recorded. The location of the property is 8132 W. Sherman Street in Tolleson, AZ. The property sold to Digby Family LLP. The seller was Rush Investments, […]
The sale of an 8.94-acre site was recently recorded. The location of the property is 2328 W. Broadway Road in Phoenix, AZ. The property included a +/- 3,200 SF shop building, and is zoned A-2 Heavy Industrial. The property sold to United Auto. The Seller was SPC Investments, LLC. The sale price was $1,700,000 which […]
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 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 […]