ORION Investment Real Estate Archives

ORION closes outparcel of Westgate Entertainment District

by in AZRE Magazine

Located within one of the largest entertainment and retail districts in Arizona, Westgate 95, a 7,539 square foot retail center, sold for $1,500,000 ($199/SF). Built in 2008, Westgate 95 is located steps away from Westgate Entertainment District, which offers a unique outdoor setting with many vibrant restaurants that include: Johnny Rockets, Buffalo Wild Wings, Saddle… Read More →

Anthem Medical Plaza sells for $10.6M

Anthem Medical Plaza
by in AZRE Magazine | Medical

A prominently placed, HonorHealth-anchored medical plaza in Anthem was sold for $10,600,000, according to ORION Investment Real Estate. The multi-tenant medical complex located at the gateway entrance into Anthem at Anthem Way and Gavilan Peak Parkway, was sold by WCCP Anthem Medical LLC, PEA Enterprises LLC, William Metzler and Scott Douglass, managing members. An entity… Read More →

Mesa retail center near U.S. 60 sells for $4.55M

Arizona Partners purchased the 30,195-square-foot retail center,  Stonebridge Shopping Center, which was 69 percent occupied at close of escrow.
by in AZRE Magazine | Retail

A 30,195-square-foot Mesa retail center anchored by a Safeway, located at Val Vista Drive and Southern Avenue,  was sold for $4,550,000 by Pac West Land LLC. Arizona Partners purchased Stonebridge Shopping Center, which was 69 percent occupied at close of escrow. Andrew Harrison and Ari Spiro at ORION Investment Real Estate represented both the buyer and… Read More →

Bush’s Chicken coming to Old Town Scottsdale area

Bush's Chicken
by in AZRE Magazine | Retail

SimonCRE purchased a retail property located just outside of Old Town Scottsdale at Scottsdale and Thomas Roads, and is leasing the property out to a chicken restaurant. The 4,200-square-foot property was purchased from Astria Realty by SimonCRE for $1,492,460. SimonCRE plans to redevelop the property before its upcoming tenant, Bush’s Chicken moves in this summer. Bush’s Chicken… Read More →

Student apartments near UA sell for $2.695M

Student apartments
by in AZRE Magazine | Brokerage

Located less than one half mile south of The University of Arizona Campus, Cherry Park Studios student housing complex closed for $2,695,000 ($165.32/SF). Cherry Park Studios consists of 17 student housing apartments. The property was originally built in 1952, then expanded by the American Red Cross in 1985. Roja Cruz Apartments LLC purchased the building… Read More →

Scottsdale Airpark facility sells for $2.1M

Scottsdale Airpark
by in AZRE Magazine | Brokerage

A 14,500-square-foot industrial facility in the Scottsdale Airpark sold to SWAKE Holdings LLC, according to ORION Investment Real Estate, which represented SWAKE. The industrial warehouse property at 15210 N. 75th St. in Scottsdale, was sold for $2,100,000, totaling $145-per-square-foot. The property was built in 1994, and is centrally located in the Scottsdale Airpark. The Airport and… Read More →

Mesa multifamily complex sells in off-market transaction

Mesa multifamily
by in AZRE Magazine | Multi-Family

Country Club Greens Apartment Homes, totaling 68 units, closed Monday for $6,025,000 ($88,603/unit). The building was fully occupied at close of escrow. Christopher Roach, Matthew Roach, and Joseph Dietz of ORION Investment Real Estate negotiated the off market transaction. “The buyers are a father and son team out of Vancouver, Canada. They plan to hold the… Read More →

Former MIKID corporate headquarters closes escrow

by in AZRE Magazine

ORION Investment Real Estate negotiated the sale of the former MIKID corporate headquarters for $535,000 ($101/SF). This single user office is located along Thomas Road near 24th Street. Surrounding the property is Phoenix Children’s Hospital, Phoenix Country Club, Camelback Esplanade, Biltmore Fashion Park and several local parks. Within five miles of the property, the population is… Read More →

Loco Patrõn Mexican Brewery expands to North Scottsdale

Loco Patrõn Mexican Brewery
by in AZRE Magazine

Longtime Valley restaurant operator, Loco Patrõn, leased the former Salty Senorita building on Northsight Boulevard for a new Loco Patrõn Mexican Brewery. The area is bustling with new restaurants, retailers and multifamily development. A luxury 297-unit apartment building is being constructed directly behind the Loco North building, along with the popular breakfast and weekend brunch… Read More →

Land near Baseline Road and Central Avenue sells for $1M

baseline road
by in AZRE Magazine | Site Selection

ORION Investment Real Estate recently negotiated the land site located at 123 E. Baseline Rd. in Phoenix for $1,030,000 ($8.75/SF). Situated east of the southeast corner of Baseline Road and Central Avenue, the vacant land totals ±2.70 acres and is zoned C-2. It is located adjacent to an Arby’s. and surrounded by other retailers and… Read More →

Glendale hospital-adjacent medical campus sells for $10.85M

by in AZRE Magazine | Medical

Five of the eight buildings comprising a medical campus in Glendale near the Banner Thunderbird Medical Center sold for $10,850,000 ($229.61 PSF). The transaction included a 47,254 square feet controlling interest of prime medical office space within Thunderbird Palms Medical Campus. The Thunderbird Palms offering represented a rare opportunity to acquire modern, net leased, hospital adjacent, medical… Read More →

Northsight Village III sells for $1.475M

Northsight Village III
by in AZRE Magazine | Brokerage

Northsight Village III, a 8,532 square foot retail building, closed for $1,475,000 ($172.88-per-square-foot). The building was occupied by AVIS Rent a Car and Traders Smoke Shop at the close of escrow. Judi Butterworth and Derek Buescher of ORION Investment Real Estate represented the seller, LES and NSS Irrevocable Trust, in this transaction. The buyer was… Read More →

Page retail center sells for $1.95M

by in AZRE Magazine | Brokerage | Retail

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). The property was sold by CopperPoint Mutual Insurance Company. D&S Gardner 3, LLC purchased the asset, who was represented by a local broker in Page, Arizona. Gateway Park Shopping Center is located at the intersection of… Read More →

Orion sells multi-tenant retail complex for $8.9M

by in AZRE Magazine | Retail

ORION Investment Real Estate negotiated the sale of a Mountain Side Fitness anchored retail center, Plaza at the Orchards, which sold for $8.9 million to a Gilbert-based buyer. Terra Marketing, Inc. purchased the 52,134-square-foot center, which is located near Bell and Reems Roads was 100 percent occupied at the close of escrow. Ari Spiro and Sean Stutzman, President… Read More →