PHOENIX 4520 East Indian School Road sold this week for $1,400,000 or $297.05 per square foot. The office casitas are located at the northwest corner of 45th place and Indian School road, giving the property frontage on Indian School Road’s most popular strip in the coveted neighborhood of Arcadia. With spectacular views of Camelback Mountain and superior access to the hottest spots in the Valley, it’s easy to see why the Buyer was excited to purchase and occupy this property.
Beyond it’s superb location, the 4520 Office Casitas has many recent upgrades, including new HVAC units, fresh paint, and roofing. The property also has an excellent parking ratio of 6.15:1,000 square feet, which can be hard to find in the area. The three medical buildings that make up the 4520 Office Casitas have already been condo mapped.
The transaction was negotiated by Nick Miner, CCIM of ORION Investment Real Estate, representing the Seller, and Ken Gatt of Gatt Real Estate, representing the Buyer. Miner was able to take this property from open to close in just 30 days!
Nick Miner commented on the transaction, “The Seller was a long time client of mine and it was just the right time for them to exit the market. The Buyer was excited about the opportunity because of the location in Arcadia. Very few opportunities come up like this.”
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