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Phoenix AZ Commercial Real Estate - Properties For Sale & Lease | |||||
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BID & SAVE! When you lease this Class A Office
SONORAN DESERT COMMONS
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Sealed Bid Auction
ARCADIA CORPORATE CENTER
Centrally located in Phoenix in the Arcadia neighborhood on 56th St.
between Indian School Rd. and Thomas Rd., adjacent to the Camelback
Corridor and Scottsdale. This community area of Arcadia was rated by
Money Magazine as a "Best Place to Live" with an excellent central
location and remarkable views of Camelback Mountains.
The property is ideally situated within a ten minute drive to three freeways:
Loop 202, Loop 101 and State Route 51. Sky Harbor International Airport
of Phoenix is located nearby as well as shopping districts, world class spas,
resorts and numerous golf courses.
PROPERTY HIGHLIGHTS
• Award Winning Design & Architecture - past recipient of the coveted
Design Excellence Award from the American Institute of Architecture
and Visual Improvement Award from the City of Phoenix
• Rare infill site of +13.5 acres
• Site is suited for mixed use, office, retail, school, church and/or residential purposes.
A previous owner, a home builder, had planned and obtained Phoenix City Council
approval to develop 40 custom homes on this site.
• Significantly below replacement cost.
• Arcadia Corporate Center Website – Click Here
Contact Me for a Marketing Package Now!
PRAEDIUM Advisors provides professional acquisition and disposition services for corporate and individual commercial real estate owners and developers in metro Phoenix, Arizona. Through our many established relationships with investors, developers, users and brokerage firms, we have an extensive database of prospective buyers. We also subscribe to numerous online commercial real estate property databases and newsgroups and conduct sophisticated marketing campaigns for commercial real estate using the internet and email. Extensive in-house computer and graphic design skills afford us the ability to create customized and highly effective marketing flyers and brochures.
What is it you would love a real estate broker to do for you that your current broker is not doing? Contact us for details on how we can better serve your commercial real estate needs.
Archives
Following are past listings that show the depth of our experience.
Sold
International Automotive Components
PRAEDIUM Advisors represented a Montreal based private investment group in their acquisition of a 125,000 s.f. manufacturing facility in Troy, NC. Situated on over 18 acres this absolute NNN leased brick building had over 12 years left on its initial lease term at the time of acquisition. With annual CPI rental increases PRAEDIUM's client was able to buy this building for less that $10 psf and achieve over an 8 CAP rate of return! Victor Allison says: "When I saw this opportunity cross my desk I knew exactly who to call. They wrote a LOI right away and the deal was closed in about 60 days."
Sold
Wilmot Professional Plaza
PRAEDIUM Advisors represented 1031 exchange buyer Western America Equities, LLC in its $10,140,000 acquisition of Wilmot Professional Plaza from Wilmot Professional Plaza Partners, LLC. Initially developed as a retail center, Wilmot Professional Plaza was redeveloped into a medical plaza between 2000 and 2002. The two 21,000 square foot buildings are conveniently located to Tucson’s three primary eastside hospitals: Tuscon Medical Center, El Dorado Hospital, and St. Joseph’s Hospital which helped to make it attractive to the buyer.
Sold
East Mesa Medical Center
PRAEDIUM Advisors represented 1031 exchange buyer Western America Equities, LLC in its $8,900,000 acquisition of East Mesa Medical Center from Ensemble Real Estate, LLC. Comprised of two medical office buildings, the 56,348 square foot property was 96% leased at acquisition. Banner Baywood Hospital operates a 239-bed hospital across the street which is an important attraction to the property’s tenants.
“We are attracted to East Mesa Medical Center because it is stabilized and the home of twenty-three medical and dental tenants ranging across the spectrum of medical uses,” says Jim Clark, President of Western America Equities, LLC. “It has a tremendous location across the street from Banner Baywood Hospital, which is undergoing a $90 million expansion.”
Sold
Avondale Fiesta Shopping Center
PRAEDIUM Advisors represented 1031 exchange buyer Western America Equities, LLC in its $10+ million acquisition of Avondale Fiesta Shopping Center from Kimco Realty Corp. The 34,127 square foot center is shadow anchored by Fry's Marketplace and includes national and regional credit tenants Blockbuster, Subway, H&R Block, The UPS Store, Great Clips, and Baskin-Robbins.
The center is located in the fastest growth area of the West Valley with planned home construction of 17,500 units and an average household income exceeding $51,000 within a three-mile radius. There is limited grocery competition in the trade area.
