PHOENIX, AZ – Nick Miner, CCIM of ORION Investment Real Estate, reports selling the office building in the Arcadia Neighborhood of Phoenix, Arizona for $1,100,000.00, or $294/Sq. Ft.
Arcadia contains well-kept homes on large lots; these homes command relatively high property values (as the neighborhood is adjacent to the upscale suburbs of Paradise Valley, the Biltmore area, Scottsdale, and north Phoenix). Arcadia is frequently listed as the top place to live in all of Phoenix Metro due to its ideal location for both work and fun, vibrant food / culture, walkability, and plush landscape. As one of the most dynamic markets in Metro Phoenix, the area has attracted numerous redevelopments and adaptive reuse commercial projects, which have become home to some of the trendiest eateries and gathering spots.
Nick Miner, CCIM, Senior Vice President at ORION commented, “This is the third of several properties that I am selling for the owner.” Miner further went on, “The owners have been long time clients of mine and have decided it was time to liquidate their real estate holdings.” Earlier this year, Miner sold Sun Bell Plaza and recently Alma Ray Plaza for the owners.
Seller, Max Taylor & Company, LLC, was represented by Miner of ORION Investment Real Estate.
Buyer, Reasons Aviation, LLC, was represented by Andy Ogden of Unbound Development.
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