Phoenix Investor Purchases 28,096 SF Multi-Tenant Office Building for $3.1M
A local company, Creative Business Resources, Inc., paid $3.1M, or $110.34 psf, for an office building at 1500 E. Bethany Home Rd. in Phoenix for their new corporate headquarters.
The Class B, 28,096 SF, multi-tenant building sits on 1.89 acres and was built in 1983. It is located in a dynamic and up-and-coming area that includes amenities such as Z’tejas, Zipps, Lucy’s Healthy Marketplace, The Garage, Capriotti’s Sandwich Shop, YouFit Fitness Center and Phoenix City Grille.
The building is in a prime location with immediate access to the Piestewa Freeway (SR 51).
Lee & Associates principals Mike McQuaid and Chris Krewson represented the buyer in the transaction. The seller was 1500 East Bethany Office Building, LLC. Tom Alteri with MidFirst Bank provided the financing for the deal.