Tag Archives: Dan Sommer

IMG_0535, Indian WEB

Cooper, Cardinal and Company Sells 14-Unit Multi-Family Property

Cooper, Cardinal and Company LLC, a boutique multifamily investment brokerage firm  headquartered in Phoenix, closed the sale of Indian Palms Apartments, a 14-unit multi-family community located in Phoenix, on Friday.
The sale price of $415,000 represents a capitalization rate of 8.18% on Proforma income. The pricing equates to $29,643 per unit or $45.60 per SF.
Jack A. Cardinal, a Managing Director of the firm, represented the seller and buyer in the transaction. “The buyer, primarily a single family real estate owner, seized on a great opportunity to expand their holdings into the multi-family space. We see great things for the buyer group to exponentially expand and diversify their business in the Phoenix multi-family market.” stated Cardinal.
The 9,100 SF apartment community, built in 1959 is situated on a 1.07-acre lot and was 64% occupied at the time of sale.

“The buyer is a hands on team who understands this submarket and is excited to get started and implement their value-add improvements to the asset,” Cardinal added.

MiniCo Employees Go Bald For Cause

Be Brave And Shave: MiniCo Employees Go Bald

MiniCo Insurance Agency has four employees, Dan Sommer, Keith McConnell, Jerry Sollom and Ron Zbiegien, ready to shave their heads March 12, 2011 at 6 p.m. in the Be Brave and Shave event hosted by St. Baldrick’s Foundation at the Skeptical Chymist Irish Restaurant and Pub in Scottsdale. The event will raise money for cancer patients and medical treatment.

The St. Baldrick’s Foundation is a volunteer-driven charity committed to funding the most promising research to find cures for childhood cancers and give survivors long and healthy lives.

MiniCo employees were informed about the event from Tim Kenny.

“Tim Kenny is one of the three co-founders of St. Baldrick’s Foundation and he owns MiniCo,” says Christa Van Zant, Marketing Manager at MiniCo.

clippers MiniCo 2011;Picture:Flickr, Steve SnodgrassThe event is expected to have 30 volunteers — called shavee’s — come in with a head full of hair and leave with none.

“People in the crowd will offer to be a shavee near the end of the event,” Van Zant says. “We will stay as long as it takes.”

According to the St. Baldrick’s fiscal financial report listed October 5, 2010, they raised $21,593,683 in 2010 — their fiscal year from July 1, 2009 to June 30, 2010.

“There is no selling,” Van Zant says. “There are 10K walks, donations from personal networks such as friends, family and co-workers.”

The source of funds is not done by any mass mailings or telemarketing ventures. Funds are raised by St. Baldrick’s volunteer event organizers, shavees, barbers, sponsors, donors, staff, board members and other volunteers generate 100 percent of revenues.

“There is a location on the website to have funds donated for a specific shave,” Van Zant says. “You will also be able to view their goals, how close they are to those goals, and submit your donation with a click.”

This is the first time MiniCo will participate in the Be Brave and Shave event.

A silent auction will take place during the event with proceeds being donated to St. Baldrick’s.

Top events as of October 5, 2010, according to St. Baldrick’s website, are:

[stextbox id=”grey”]For more information visit http://www.stbaldricks.org.[/stextbox]