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CBRE Completes Two Investment Sales Transactions in Metro Phoenix

 

CBRE negotiated the following commercial real estate transactions:

>> Yeager Provisor Properties LLC of Redondo Beach, Calif., purchased a 7,783 SF, single-tenant restaurant building occupied by Macayo’s Mexican Kitchen.

The property is at 12637 S. 48th St. in Phoenix. Joseph Compagno of CBRE’s Phoenix office represented the buyer and the seller, Waynio Building Corporation of Glendale in negotiating the $1.97M sale. Macayo’s Mexican Kitchen restaurant will remain a tenant in the building on a long-term lease.

>> Kings Apartments LLC of Phoenix purchased the Kings Apartments, a 24-unit multi-family property at 1717 W. Missouri Ave. in Phoenix. Brian Smuckler and Jeff Seaman of CBRE’s Multi-Housing Private Capital Group in Phoenix represented the buyer and the seller, Jason and Faranak Abbey of Novato, Calif., in negotiating the $530,000  transaction.

 

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Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.