ORION Reps Buyer in East Phoenix Retail Sale
December 19, 2017 | Phoenix, AZ
PHOENIX – ORION Investment Real Estate facilitated the sale of a freestanding retail building, located along Cave Creek Road, for $350,000 ($69/SF). The building exhibits excellent visibility and frontage, with over 25,000 vehicles passing per day on Cave Creek Road. It is also ideally situated near State Route 51. The building was fully occupied at close of escrow.
Nick Miner, CCIM, of ORION Investment Real Estate exclusively represented the Buyer. Miner said, “This was an off-market transaction, where the Buyer was a tenant and a longtime client of mine. They wanted to purchase the property and after 3+ years, it finally came together.”
The Seller was Swati Plaza, Inc. The Buyer was Jax Real Estate, LLC.
16402-16406 N Cave Creek Road
Phoenix, Arizona 85032
Built in 1982
+/- 5,082 SF
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