Phoenix Historic Midtown Owner/User Office Sold For $162/SF Article originally posted on HERE on May 30, 2019 PHOENIX – Situated along 16th Street in midtown Phoenix, the owner/user office building recently sold for $340,000, or $162 per square-foot. Located less than one mile from State Route 51, the property has excellent access to midtown and downtown Phoenix businesses and amenities. The escrow period lasted a total of a short six days with a non-contingent buyer selected. Multiple offers were generated. Nick Miner, CCIM and J.T. Taylor of ORION Investment Real Estate exclusively represented the Seller, Dorothy V Fowler. Miner said, “This property generated a lot of interest during the marketing period. We selected the buyer that agreed to go non-contingent upon opening of escrow and close in less than a week.” Miner concluded, “The 16th Street area has seen recent new developments and redevelopments. With its strategic location off of the 51 and close proximity to PCH, this was a highly desirable location.” The Buyer, Susan Makou, was represented by Zack Alawi in Phoenix. March 31, 2020 As April Rents Loom, Phoenix Real Estate Leaders Grapple with Potential Losses How Innovation Zone Could be an East Valley Game-changer Do Recent Interest Rates Cuts Portend a Refi Windfall? Maybe Not Walmart and Publix, Landlords as Well as Grocers, Waive Rent to Businesses Hit by Coronavirus Arizona Banks Agree to Ease Foreclosures and Evictions, Provide Relief to Borrowers and Small Businesses March 30, 2020 Increased Demand for Warehouse Space and Labor Created by COVID-19 Could be a Long-Term Trend Why the Pandemic Won’t Derail Growth in Phoenix Construction Leaders Stress That Work Should Go On Despite Pandemic Here are 6 Projects to Watch in the Valley How Will Coronavirus Affect Global CRE Deal Volume?