Nick Miner, CCIM, of ORION Investment Real Estate, announces the sale of a Tempe commercial property. Better Direct, LLC acquired the property from Evolution Land Concepts, LLC, closing in under 75 days—testament to strong demand and streamlined deal-making in the Phoenix market.
This owner/user sale was shaped by unique circumstances on both sides. Better Direct, LLC, owner of the neighboring property, needed to expand rapidly to keep pace with their business growth. Evolution Land Concepts, LLC had recently sold its operating business and the new business owner did not need this location opening the door for this highly strategic transaction.
“This was a great opportunity for the adjoining owner. They were bursting out of the seams and in need of space. My client, Evolution, had recently sold their business and the new owner of their business did not need this location. This ended up being a win-win for both parties,” said Miner.
The sale closed at $1,500,000, reflecting the enduring strength of Phoenix’s commercial property market for owner-user buyers.
Seller, Evolution Land Concepts, LLC, was represented by Nick Miner, CCIM of ORION Investment Real Estate
Buyer, Better Direct, LLC, was self represented.
Building Size: ± 4,800 SF
Lot Size: ± 1.06 Acres (46,173 Sq. Ft.)
Year Built: 1964
Year Renovated: 2024
Zoning Designation: CSS, City of Tempe
Outside Storage: Yes
For more information about this sale, or to inquire about other opportunities, give me a call.
RELATED LINKS:
Adjoining Owner Expands with $1.5 Million Owner-User Acquisition in Tempe – Real Estate Daily News