Commercial Real Estate & Business News – October 4, 2017
Prices Rise for Apartment Buildings, But Fewer Properties Sell Investors continue to buy fewer apartment properties than they did last year. Yet prices continue to rise. “It’s another down month for volume, but prices are still increasing,” says James Costello, senior vice president for Real Capital Analytics (RCA), a New York City-based research firm. Usually […]
SOLD: Bell Plaza Retail Center | Phoenix, Arizona
SOLD: Bell Plaza Retail Center | #Phoenix #Arizona #CRE
SOLD: 4.89 Acres Commercial Land
Mountain Park Health Center Acquires 4.89 Acres of Vacant Land May 15, 2017 | Phoenix, AZ PHOENIX – ORION Investment Real Estate recently negotiated the land site located at 645 East Baseline Road in Phoenix for $1,870,000 ($8.77/SF). Situated on the southwest corner of Baseline Road and Maradian Way, the vacant land totals ±4.89 acres […]
SOLD: Industrial Land – 40th Street & I-10
PHOENIX – ORION Investment Real Estate recently sold the land site located at 3734-3744 East Illini Street in Phoenix for $650,000 ($7.87/SF). Located on the hard corner of 38th Street and Anne Street, the site has immediate access to Interstate 10 and is minutes from Phoenix Sky Harbor International Airport. Nick Miner, CCIM, Senior Vice […]
SOLD: Infill Redevelopment Opportunity | 2.15 acres | Phoenix, AZ
PHOENIX – Situated on 2.15 acres, this excellent infill development recently sold for $840,000. The site is located just south of the southwest corner of Cambridge Avenue and 27th Street in Central Phoenix. Nick Miner, CCIM and J.T. Taylor at ORION Investment Real Estate represented the Seller in this transaction. “This was a great infill […]
SOLD: NNN Investment Property Sold, Occupied by National Tenant
NNN Investment Property Sold, Occupied by National Tenant GILBERT – The single-tenant, NNN investment property sold for $750,000 ($271.05) with a national automotive tenant in place – AAMCO. Located in a fast-growing area of Gilbert, this property was constructed in 2005 with an attractive exterior to match the new and upcoming neighborhood. Nick Miner, CCIM, […]