Boxer Property of Houston purchased Metrocenter Business Park, a 128,177 SF Class B multi-tenant office building at 10000 N. 31st Ave. in Phoenix. Executive Vice Presidents Bob Buckley, Eric Wichterman, Tracy Cartledge, Steve Lindley and Vice President Mike Coover with Cassidy Turley BRE Commercial negotiated the $3.15M sale.
Cassidy Turley represented the buyer during the purchase. The seller, C-III Asset Management, LLC was represented by Auction.com.
Built in 1982, Metrocenter Business Park (above) is a 4-building office park consisting of two 1-story, one 3-story and one 4-story building. The office park was 44% leased at the time of sale.
In another transaction, Scottsdale Investment Management, LLC purchased a multi-tenant office building at 17800 N. Perimeter Dr. for $3.3M. Eric Wichterman, Mike Coover and Mike Kitlica with Cassidy Turley negotiated the sale on behalf of the seller, FH Arizona Properties, LLC.
Built in 2000, the ±47,366 SF office building is located in the Perimeter Center Business Park. The property was 88% occupied at the time of sale.