The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Chicago Entity Spends $7.65 Mil on Phoenix Single-Tenant Office Asset

6/03/20

A 61.3k sf, single-tenant office building in Phoenix traded for $7.65 mil, or $125/sf. The property, located at 16212 N. 28th Ave, was purchased by a fund managed by a Chicago-based investment management firm.

Situated on 3.76 acres, the property has been fully leased to a government entity since 2004. 16212 North 28th Avenue was constructed in 1980 and was extensively renovated in 2004 with numerous specialized tenant improvements for the tenant.

Positioned within the 1.1 msf, 100-acre Arizona Business Park, the property is strategically located near numerous corporate employers, including Paychex, Kemper Insurance, TriWest Healthcare Alliance, Climatec, Northern Arizona University and Deer Valley Credit Union, among many others.

The Arizona Business Park and surrounding Deer Valley Submarket is the preferred submarket of some of the largest corporations in the world due to the adjacency to Interstate 17 and Loop 101 Freeways. This location is accessible to 3.1 million people (70 percent of the population of Maricopa County), within a 40-minute commute.

Barry Gabel, Chris Marchildon and Will Mast with CBRE represented the seller, Merit Properties Group.





Return to the Archive page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media