Chris Lind and Mark Ruble, investment specialists in Marcus & Millichap’s Phoenix office, procured the buyer and had the exclusive listing to market the property on behalf of the seller, a limited liability company.ġ8. A limited liability company purchased Dutch Bros Coffee Ground Lease, a 1.14-acre property at 4433 N. Oscar Lopez and Steve Lowe with Matthews Real Estate represented the seller, Lin’s Distribution Corp.ġ7. Mary Garnett and Jim Tuesley of Barnes & Thornburg LLP represented MAG Capital Partners in the sale-leaseback transaction. Willetta Street, Phoenix, for an undisclosed amount. MAG Capital Partners, LLC purchased a 38.3KSF fully occupied cold storage warehouse property at 2721 W. Dennis Kelly of Kelly & Call Commercial represented the Arizona-based seller.ġ6. ABI Multifamily‘s John Klocek and Patrick Burch represented the buyer. An Arizona-based buyer purchased Mountain View 2, a 16-unit multifamily apartment property in Flagstaff, for $3.2M. The buyer plans to use the front 16-acres as commercial use and has already received an offer for a gas station user on the corner.ġ5. Arizona Land Consulting recently assisted an undisclosed 1031-exchange buyer to acquire a 36-acre parcel of land at Miller and Broadway Roads, Buckeye, for $7.1M. Tyson Breinholt, Partner/Associate Broker, and Shane McCormick, Vice President – Sales & Leasing for Commercial Properties, Inc., represented the sellers, Meckelborg Financial Group LTD.ġ4. 2222 Piedmont LLC purchased Dover Shores Office Park, a +/- 96.4KSF, 11-building, multi-tenant office park at 2222 & 2266 S. NorthMarq’s Phoenix investment sales team of Trevor Koskovich, Bill Hahn, Jesse Hudson, and Ryan Boyle brokered the sale.ġ3. Skymaster, LLC purchased Revival on 7th Apartments, a 67-unit mid-century modern apartment complex at 6060 N. Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE represented the California-based seller, and the buyer.ġ2. Granite Reef Road, Scottsdale, for $17.5M. A private partnership completing a 1031-exchange purchased The Flats at Granite Reef, a 135-unit multifamily property at 980 N. Mattamy’s new community will be known as Pinnacle at San Tan Heights.ġ1. The land is final platted for 324 home sites. Mattamy Homes purchased 85-acres in San Tan Valley in the coveted San Tan Heights master-planned community, for $20.56M. Nathan & Associates represented both the buyer and the seller.ġ0. Queen Creek Road, Queen Creek, for $25.418M, from Communities Southwest. Richmond American Homes bought 73.91-acres of land at 21843 E. A $68M senior first-mortgage loan was arranged by Ramsey Daya and Stephen Scarpulla of Newmark.ĩ. 27th Avenue, Phoenix, for an undisclosed amount. BPM Real Estate Group purchased the PetSmart headquarters, a 365KSF class A office campus at 19601 N. Wetmore, Tucson, for $44M, from CPP Tucson LLC, an affiliate of Columbus Pacific Properties.Ĩ. Element Property Group purchased NorthPointe Student Housing, a 300-unit student housing complex at 850 E. The acquisition was brokered by Steve Gebing and Cliff David with Institutional Property Advisors.ħ. Western Wealth Capital purchased Villetta Apartment Homes, a 352-unit multifamily apartment community in Phoenix for an undisclosed amount. Van Buren Street, Phoenix, for $70M, from an entity tracing to Encore Enterprises.Ħ. An entity tracing to Revantage purchased Encore Tessera, a 240-unit multifamily property at 4713 E. The undisclosed seller was represented by Steve Gebing and Cliff David of Institutional Property Advisors.ĥ. MG Properties Group purchased The Retreat Apartments, a 480-unit garden-style community in Phoenix, for an undisclosed amount. 40th St., Phoenix, for $83M, from an entity tracing to Tides Equities.Ĥ. An entity tracing to Investcorp purchased The Edge Apartments, a 380-unit multifamily property at 15202 N. 19th Avenue, Phoenix, for $86.5M, from an entity tracing to Tides Equities.ģ. An entity tracing to Investcorp purchased Carleton Club Apartments, a 436-unit multifamily property at 17425 N. Beardsley Road, Peoria, for $103.75M, from an entity tracing to Embrey Development.Ģ. An entity tracing to Raymond Kao purchased Escape at Arrowhead, a 324-unit multifamily property at 7951 W.
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