PHOENIX, AZ (April 9, 2025) -- The sale of a 7,700-square-foot building located at 3850 E Thunderbird Rd in Phoenix, Arizona, was recently recorded. Built in 1996, the property was sold for $2 million, equating to approximately $259.74 per square foot.
The buyer was The Civitan Foundation, Inc., and the building was vacant at the time of closing. The sellers were James A. Placek and Geraldine A. Placek, Co-Trustees of the Placek Family Trust dated October 11, 1988.
Jake Ertle and Nic Chavira of Rein & Grossoehme Commercial Real Estate represented the seller, while Larry Downey and Taylor Hick of Cushman & Wakefield represented the buyer.
Rein & Grossoehme specializes in investment property sales, retail, office, and industrial leasing.