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ORION Negotiates Family Dollar Anchored Multi-tenant Retail Center for $3.5 Million

PHOENIX, Arizona – Closing for $3.5 million ($194 PSF) Bell Canyon Plaza is anchored by Family Dollar, with a newly extended lease, and occupied by nationally known tenants. Situated on the northwest corner of 24th Street and Roosevelt Street at a signalized intersection, Bell Canyon Plaza benefits from being near two major freeways in Phoenix: …

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ORION Handles Motel Conversion Transaction for $3.3 Million

PHOENIX, Arizona – ORION Investment Real Estate recently sold the 66-unit short-stay motel, formerly known as Best Inn Suites, located on Van Buren Street and 36th Street for $3.3 million ($50,000/unit, or $93/SF). The buyer’s plan to convert the motel to apartments is already underway. The motel was 97% occupied (daily, weekly and monthly terms) …

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LA Fitness Anchored Retail Sold at Busy Chandler Intersection

CHANDLER, Arizona – Situated at the northwest corner of Dobson Road and Warner Road, and anchored by a premier LA Fitness, Valle Del Sol buildings sold in two separate transactions. Part of a six-building retail development, 2090 North Dobson Road sold for $2,075,000 ($268 PSF) and 2080 North Dobson Road sold for $1,560,000 ($305 PSF). …

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