SCOTTSDALE, ARIZ. (Nov. 8, 2021) – Three office building sales totaling $13.3 million, the sale of a retail building for $2.95 million, and a land sale of $2.136 million highlight October transactions closed by LevRose Commercial Real Estate brokers.
Michael Waxman and Foster Bundy represented the seller, WYAZ Investments, LLC in the $8.86 million sale of Cooper Crossing, 1800-1850 E. Ray Road in Chandler, Arizona. The buyer was 1800 E. Ray Expansive LLC.
Built in 2006, Cooper Crossing is a two-story office property totaling 54,639 SF. Amenities include a conferencing facility, fitness center, and outdoor seating in a courtyard. The asset is located in the much sought-after Southeast Valley submarket.
Greg Vanlerberghe represented the buyer, Oneten REI Willco, LLC in the $2.95 million purchase of 8320 W. Mariners Way in Peoria, Arizona. The seller was Monaghan Farms, Inc. Vanlerberghe is also representing the new tenant Stout Industries, LLC, which is developing a sports bar/night life concept in the space. It is scheduled to open in mid-2022.
The retail property was formerly Modern Round restaurant, which is nestled in the heart of Peoria’s P83 entertainment district. Built in 2002, the asset totals 11,638 SF. It closed earlier this year.
Danielle Davis; Trent McCullough, CCIM; Mark Cassell; Matt Beeks; and Garrett Pedicini represented the seller (Hudye Group, LP) in the $2.5 million ($916.42/sf) disposition of 4439 N. Saddlebag Trail in Scottsdale. The asset is currently an office building that totals 2,827 SF and is located in the heart of Old Town Scottsdale’s Entertainment District. Built in 1982, this redevelopment opportunity is poised to add even more to the already vibrant area.
The asset is an office building that totals 2,827 SF and is located in the heart of Old Town Scottsdale. Built in 1982, it offers easy access to the Loops 101 and 201 freeways.
Matt Leonard represented the buyer, One Scottsdale Surgery Center, LLC, in the $2.136 million purchase of Lot 3 and Lot 4 located at One Scottsdale on the east side of Scottsdale Road between Legacy Boulevard and Thompson Peak Parkway. The lots total 63,162 SF and will house a future medical office building. The seller was One Scottsdale Core, LLC.
Zak Kottler, Joe Cosgrove, Hunter Chasse and Aaron Cook represented the buyer, 7033 E. Main Street, LLC, in the $1.95 million purchase of 7033 E. Main St., Suites 102 and 104, in Scottsdale. The seller was JPZ, LLC.
The overall property consists of approximately ±3,486 SF. Suite 102 is ±2,354 SF of built-out retail space and Suite 104 is ±1,132 SF of built-out office space. It is well-positioned on Main Street in the Downtown Scottsdale.
About LevRose Commercial Real Estate/TCN Worldwide
LevRose is proud to be the sole Phoenix affiliate of TCN Worldwide. Formed in 1989, TCN is a consortium of networked independent domestic and international commercial real estate firms, which provides for complete, integrated real estate solutions across the globe. With approximately $41.3 billion in annual transactions and over 180 MSF under management, TCN Worldwide ranks as one of the largest service providers in the industry. An extensive range of real estate services and resources, coupled with a personal commitment to exceed client expectations, is what has made TCN Worldwide a leader within the global commercial real estate industry. For more information visit levrose.com.