The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 5, 2019
 Search RENTV
   Go!
 Video Programs
 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?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Investor Pays Over $20 Mil for AZ Office / Medical Campus

11/27/19

The Forum at Gilbert Ranch, a 92.5k sf, Class A office and medical campus in Gilbert, AZ, traded hands in a $20.5 mil ($222/sf) transaction. Forum at Gilbert LLC, a private Midwestern buyer, acquired the property from Denver-based EverWest Real Estate Investors.

The Forum at Gilbert Ranch was 93% leased at the time of sale to a variety of finance, real estate, coworking and medical tenants. The property is located at 1472, 1482, 1528 and 1530 E. Williams Field Rd and 2314 S. Val Vista Dr, within Phoenix’s East Valley.

The five-building campus features one single-story building and four two-story buildings. The campus offers modern construction and improvements, subterranean and covered parking with a parking ratio of 4.4. spaces per every 1,000 square feet, excellent ingress/egress and abundant on-site amenities. The property is easily accessible from the Loop 202 freeway via Val Vista and Williams Field. San Tan Village, the area’s premier regional outdoor shopping center, is less than a mile from the property.

Geoff Turbow, Matt Pourcho, Anthony DeLorenzo, Gary Stache, Bryan Johnson and Doug Mack of CBRE Investment Properties – SoCal/Phoenix represented the seller in the transaction. Jeff Stein and Jeff Harris of CBRE Debt & Structured Finance in Houston arranged the financing for the buyer. CBRE’s Jamie Swirtz and Bruce Suppes will lease the property on behalf of the new ownership.




Return to the previous 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 © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media