Two Closings in Two Days

Nicholas L Miner, CCIM and David G Verwer, CCIM recently completed two commercial property sales in two days.

The first transaction was a 13,000 Sq. Ft of Office/Flex building in North Scottsdale. It was formerly occupied by the Raintree Pet Resort. The interesting part about this sale was it was a short sale with two lenders; one of which was the SBA. Nick and Dave represented the Seller in the transaction. The final sales price was $1.54M.

The second transaction was a 1.13 acre parcel in Flagstaff, Arizona. Nick had been working with a developer that was awarded a GSA contract for a build to suit. This property was under option for over a year before the GSA contract was finally awarded to Nick’s client. The final purchase price was $475,000. The seller purchased the property two years ago for over $600,000.

For more information about these transactions, please feel free to call or email Nick or Dave.