PHOENIX – Colliers International in Greater Phoenix recently completed the sale of two office buildings in Surprise, Arizona for $2.15 million, ($182.17 PSF), which are presently leased to One Step Beyond Inc., a nonprofit of Peoria.
Richards Family Trust of San Diego purchased the buildings, located at 15527 and 15331 North Reems Road, from Reems & Greenway LLC of Phoenix. The two free-standing units are among eight at The Offices at Reems, a Class B business park built in 2008.
Marcus Muirhead, associate vice president, and Tyler Smith, vice president, with Colliers International were the listing agents. The buyer was represented by Chuck Wasker and Evan McDonald, of Colliers’ San Diego office.
One Step Beyond took possession of the 11,802-square-feet this summer, when the non-profit entered into a long-term, triple net lease. Based in Peoria, One Step Beyond provides comprehensive programming for people with developmental disabilities.
“This is a 1031 exchange investment purchase for the buyer who recently sold a property in San Diego,” said Muirhead. “The buyers wanted a passive investment which is provided through the lease terms,” he added.
Smith brokered the lease for One Step Beyond. He specializes in office properties, focusing on the West Valley submarket. Muirhead concentrates on investments properties with an eye to health care and offices.
To learn more Muirhead should be called at 602.222.5176, while Smith is at 602.222.5095.