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11/20/24
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A three-building, 12.4k sf commercial property in central Phoenix traded for $1.99 mil ($160/sf) in an all-cash deal. The high-visibility property is located at 1815 – 1827 E. Indian School Rd along a bustling main street that offers substantial exposure with monument signage opportunities and ideal for capturing the attention of the busy trade area.
The property features a gated yard and roll-up doors. It is situated right off the AZ-51 highway.
The buyer, Wane Investments LLC, a growing HVAC company, plans to use the property to meet the needs of its growing business in Phoenix’s dynamic and competitive market. The site’s strategic location and high traffic count will support the HVAC company's goals to enhance its brand visibility and customer access.
Eddie Gonzlez with CRE8 Advisors represented the seller, who will be moving into his new location on the southwest corner of 16th St and Camelback Rd. Lee & Associates repped the buyer in the deal.
The transaction further highlights the strength of Phoenix’s commercial real estate market, particularly for properties along high-traffic corridors that appeal to local and regional businesses. The all-cash nature of the deal, which only took 45 days to close escrow, reflects the growing interest from businesses seeking to secure advantageous properties in a competitive landscape.
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