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Wednesday, May 23, 2012 Mixed Use
Marcus & Millichap Real Estate Investment Services has completed the sale of a medical office building in Phoenix, Ariz., and a retail center in Southaven, Miss., for a total of sale price of $15.9 million. In Phoenix, Erik Marsh and Danny Kahn brokered the sale of the Metro Medical Office Plaza for $7.5 million. Tempe-based RWR Enterprises purchased the 53,449 square foot medical building from Los Angeles, Calif.-based Avico Inc. The building is located at 3201 West Peoria Ave. and contains 53,449 rentable square feet. It was built in 1979 and sold for $140.32 per square foot. In Southaven, Jamie Medress of Marcus & Millichap's Phoenix office and Alfred Hackbarth of Cushman & Wakefield represented Boise, Idaho-based MRH Venture Capital, LLC in the $8.4 million sale of a Sportsman's Warehouse. The single-tenant net leased building was purchased by BW-MC, LLC, Lucknow, LLC and Nolin, LLC. Marcus & Millichap's James Devincenti represented the buyer in the transaction. Built in 2005, the building is located at 130 Marathon Way and contains 48,171 square feet. Address: Metro Medical Office Plaza at 3201 West Peoria Ave., Phoenix, Ariz. - Sportsman's Warehouse at 130 Marathon Way, Southaven, Miss. Size: 101,620 total square feet Built: 1979, 2005 Filed Under: Mixed Use E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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