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Phoenix Single-Tenant NNN Coffee Shop Sells for $707/SF After Garnering Multiple Offers

PHOENIX, ARIZONA – CBD Coffee Shop, located at 1302 East McDowell Road, sold this week for $1,297,000 or $707 per square foot, at a 5.96% cap rate. Nick Miner, CCIM of ORION Investment Real Estate represented both parties in the transaction. The Seller was GP 1302 E McDowell, LLC / Atlas Phoenix and the Buyer …

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CBRE Completes Sale of Industrial Property near Phoenix for $35 Million

Phoenix, Arizona – CBRE announced the sale of 91st Avenue Distribution Center, an industrial property in Tolleson, Ariz. to Nearon Enterprises, LLC for $35 million ($84 PSF). Darla Longo, Rebecca Perlmutter, Barbara Perrier, Brett Hartzell, Joe Cesta, Eric Cox, Danny Calihan, Pat Feeney and Rusty Kennedy of CBRE represented the sellers, CT Realty and Artemis …

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