PHOENIX, Arizona – CBRE has brokered the sale of a 72,072-square-foot, single-story flex/office property located at 2250 W. Peoria Ave. in Phoenix. Formerly home to the Bryman School of Arizona, the property sold for $2.2 million ($30.52 PSF).
Ashley Brooks and Cooper Fratt with CBRE’s Phoenix office represented the buyer, James Greaves with G2 Capital of Scottsdale, Arizona. The seller was J.E.M.S. Corp. of Northridge, California.
“We are currently renovating the historic property to accommodate an office user seeking a unique home,” said Greaves. “It’s location along the I-17 Corridor gives the property access to a tremendous labor pool.”
The asset is centrally located less than a quarter mile east of the full diamond I-17 Freeway interchange via Peoria Avenue. It’s in proximity to the area’s major employers, such as PING Golf, Tokyo Marine Group, Liberty Mutual and BlueCross BlueShield of Arizona.