ORION Facilitates Rare Former Bank Sale in Flagstaff, Arizona
April 22, 2019 | Flagstaff, AZ
FLAGSTAFF – Recently selling for $785,000 ($300 per SF), 822 North Humphreys Street was a rare opportunity to purchase the only freestanding drive-thru retail property for sale in Flagstaff, Arizona, at the time of marketing this asset. The property was formerly a bank branch with close proximity to Flagstaff Medical Center and Fort Valley Plaza – an 85,000 square foot Bashas’ anchored shopping center. Located on the way to Arizona Snowbowl, the site receives heavy traffic flow and is situated at a 4-way signalized intersection.
Andrew Harrison and Nick Miner, CCIM, of ORION Investment Real Estate facilitated the sale. “We received tremendous interest in this property and were able to generate multiple offers with backup buyers in position,” Harrison said. “The buyer was extremely pleased to be purchasing the property, after previously missing out on the purchase when the bank originally closed,” noted Miner. The buyer, 802 Investments LLC dba Vora Financial Group, LLC, will occupy the property and plans a major renovation for his financial firm that will occupy the property.
The Seller was 822 N Humphreys LLC dba Kobold Group LLC.
Transaction Details
Sold: $785,000
Year Built 1975
Building Size 2,617 SF
Total Lot Size 0.32 Acres
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ORION Facilitates Rare Former Bank Sale in Flagstaff, Arizona – Commercial Executive