GILBERT, AZ (January 6, 2025)—Nick Miner, CCIM, and JT Taylor of Orion Investment Real Estate represented BDW Land Investments, LLC, in the successful disposition of a well-located office condo at 633 E Ray Road in Gilbert, Arizona, which is part of the Lin-Ray Professional Condominiums. The transaction, valued at $403,000.00 ($331 PSF), shows the continued strength of the owner-user office markets in the Valley.
The Lin Ray Professional Office Condominium development is designed to cater to a variety of professional and medical uses. Its strategic location—just 3.9 miles from a growing medical hub that includes Mercy Gilbert Medical Center, Banner Health, Dignity Health, and Phoenix Children’s Hospital— perfectly positions it for healthcare-related businesses.
“It is extremely difficult to find a small office condo in the Southeast Valley right now,” Miner commented. “This complex was unique because it included a separate warehouse from the offices to allow for storage for the owners in the complex.”
“We had several offers and property tours within the first couple of days of taking the property to market,” Taylor commented.
The seller, BDW Land Holdings, LLC, was represented by Miner and Taylor of Orion Investment Real Estate.
The buyer, TPEXO 5552, LLC, was represented by Tyson Breinholt and his team at CPI.