Countryside Pad is located in South Tempe near ASU, ASU Research Park, Discovery Business Campus, Phoenix Sky Harbor International Airport…
The Buyer, represented by Braxton Glass, Vice President at ORION, was Washington-based Raskin Partners.
“We are excited to have completed the Thunderbird Palms acquisition. Its superior location and proven user appeal are ideally representative of the Healthcare Real Estate assets we are targeting”
The transaction included a 47,254 square feet controlling interest of prime medical office space within Thunderbird Palms Medical Campus.
Northsight Village III, a 8,532 square foot retail building, closed for $1,475,000 ($172.88-per-square-foot).
ORION Investment Real Estate negotiated the sale of Gateway Park Shopping Center, on behalf of the seller, for $1,950,000 ($23.84-per-square-foot).
Northsight Village III is surrounded by national tenants, including: Costco, Home Depot, Walmart Supercenter, Sam’s Club, Kohl’s, Best Buy and Staples.
“This affluent trade area serves approximately 100,000 employees and is enjoying an influx of popular local restaurants,” said Butterworth and Buescher.
Located in Page, Arizona by Lake Powell, the ±81,804 square foot neighborhood retail center was constructed in 1990 and formerly occupied by Bashas’ Grocery Store.
Years have passed since the credit crisis and housing market crash with banks foreclosing on millions of homes nationwide…many of these homes have been purchased by investors.
Ari Spiro and Sean Stutzman, President and Principal at ORION Investment Real Estate, negotiated the off market transaction.
Orion Investment Real Estate has arranged the $2 million sale of Red Devil Center, an 18,170-square-foot shopping center located near Arizona State University in Tempe.
The building was renovated in 2014 and has been recently repainted. The stabilized center was 92 percent occupied at the time of the sale with a great mix of local and regional tenants.
ORION Investment Real Estate is proud to announce the sale of this approximately 31,723 square foot, vibrant retail strip center on the northwest corner of McClintock Drive and Warner Road.
GLENDALE – Neighboring the Historic Manistee Ranch Park, and Walgreens adjacent, Manistee Ranch Park Shops trades for $1,100,000 ($138.50/SF). The center was 92% occupied at close of escrow.
The 328-unit Tamarron Apartments on 99th Avenue near Indian School Road in west Phoenix has been sold to a Canadian buyer for $38.25 million.
“The sale of Lower Buckeye Plaza is a perfect example of ORION’s team utilizing an existing relationship to help fulfill an investor’s 1031 exchange.”
New and recovering retailers – and developers willing to take risks on adaptive-reuse projects – have slowly filled some of the Phoenix area’s scores of vacant big-box store buildings.
“The buyer…researched the Phoenix market and he feels confident that Tamarron’s location, condition and amenities are well-suited for a long term hold,” said Joseph Dietz.
Foothills Park Plaza, a 20,173-square-foot retail center, closed for $3,125,000. The center is 78% occupied with a good mix of service and retail tenants.