ORION Investment Real Estate Archives

Apartments along Washington Street sell for $25M

Apartments along Washington Street
by in AZRE Magazine | Multi-Family

A luxury apartment community along Washington Street, near the Red Mountain Loop 202 Freeway, sold for $25 million to Denver-based Capital Real Estate, according to the brokers on the deal. NMS Property Services sold the 180-unit apartment complex, Mandarina Luxury Apartment Homes, and ORION Investment Real Estate represented both the buyer and seller in the… Read More →

Vacant Mesa land site sells for $250k

Mesa
by in AZRE Magazine | Site Selection

A vacant land parcel near Baseline and Sossaman Roads in Mesa was sold to Goldfield Medical Clinics LLC by Fox Family Business LLC, according to the brokers on the deal. ORION Investment Real Estate Senior Vice President Nick Miner represented both the seller, Fox Family Business, and the buyer, Goldfield Medical Clinics, in the $250,000… Read More →

Medical building near Westgate Entertainment Center closes

by in AZRE Magazine | Brokerage

With easy freeway access just off of the Loop 101, 7410 North Zanjero Boulevard is a 10,500 square foot medical building that sold for $3,215,000 ($306/SF). Leased to Palo Verde Cancer Specialists, there are over $2 million in tenant improvements made to the property for this specialized use. The property is adjacent to Westgate Entertainment… Read More →

Tempe apartments on Hardy sell for $840k

Tempe apartments on Hardy
by in AZRE Magazine | Multi-Family

Situated on the southeast corner of Second Street and Hardy Drive, just East of Mill Avenue in a prime Tempe location, Hardy Apartments sold for $840,000, or $93,333 per unit ($38.10 per land SF). The sale included 8 one-bedroom/one-bath units, and a single-family three-bedroom/one bath home. The property sits on just over one-half of an… Read More →

Papago Hills retail center sells for over $3M

Papago Hills
by in AZRE Magazine

Papago Hills, an 11,646-square-foot freestanding retail center, sold for $3,025,000 ($260/SF). The property is located on the northeast corner of Priest Drive and Washington Street in Tempe. Arizona State University, Phoenix Municipal Stadium, Phoenix Zoo, and Papago Golf Course are all nearby. Many developments are currently underway in the blooming City of Tempe, including The… Read More →

Un-finished Scottsdale townhome development sells for $1M

Scottsdale Townhome
by in AZRE Magazine | Multi-Family

A townhome development near the heart of Scottsdale was sold for $1,000,000 to Scottsdale-based LNR Holdings LLC, according to ORION Investment Real Estate. The development, located at 70th Street and Earll Drive, contains a home and a duplex, which were vacant at the close of escrow. ORION represented the sellers, 70th St. And Earll Townhomes LLC, and … Read More →

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

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

MIKID
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 →