Leased/Sold
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Sold!
Parties: Royce Bialon
Location: 2000 W Route 30, Merrilleville, IN
Comments:
Date: Nov 25, 2014
Transaction Amount: $500,000
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Sold!
Parties: Simeon Spirrison, CCIM, George Spirrison, CCIM
Location: 480 S River Road, Des Plaines, IL, 60016
Comments: Closed in under 21 Days!!!
Date: Oct 24, 2014
Transaction Amount: $700,000
Cap Rate: 12.00%
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Sold!
Parties: Royce Bialon
Location: 125 Dixie Hwy, Momence, IL, 60954
Comments:
Date: Nov 07, 2014
Transaction Amount: $465,000
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Leased!
Parties: Christopher Sauer
Location: 526 N. 4th Ave, Tucson, AZ, 85705
Comments: Leased!
Date: Apr 01, 2012
Transaction Amount: $240,000
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Sold!
Parties: Christopher Sauer
Location: 1630 - 1650 E. Adelaide, Tucson, AZ, 85715
Comments: Sale listing, deal closed.
Date: Mar 01, 2013
Transaction Amount: $650,000
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Sold!
Parties: Christopher Sauer
Location: 210 E. 12th St, Tucson, AZ, 85701
Comments: Peach Properties buyer broker.
Date: Dec 14, 2012
Transaction Amount: $609,000
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Sold!
Parties: Christopher Sauer
Location: 111 S. 5th Ave, Tucson, AZ, 85701
Comments: Peach Properties acting as buyer broker.
Date: Dec 26, 2013
Transaction Amount: $900,000
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Sold!
Parties: Christopher Sauer
Location: 510 N. 7th Ave, Tucson, AZ, 85705
Comments: Peach Properties HM Inc was buyers agent.
Date: Oct 14, 2014
Transaction Amount: $676,000
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Leased!
Parties: Royce Bialon
Location: 3215 Butler Ave, So Chicago Heights, IL, 60411
Comments:
Date: Oct 15, 2014
Transaction Amount: $72,000
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Leased!
Parties: Robert Tack
Location: 1414 9th Street NW, Washington, DC, 20001
Comments: 5 year lease
Date: Sep 01, 2014
Transaction Amount: $0
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Sold!
Parties: Natan Jacobs, Les Litwin
Location: 1317 & 1321 W McDowell Road, Phoenix, AZ, 85007
Comments: Vestis Group is pleased to announce that Principals Natan Jacobs and Les Litwin have completed the sale of McDowell Apartments, an 8-unit multifamily community located in the sought after F.Q. Story Historic District in Downtown Phoenix, just north of Midtown Phoenix, Arizona for $719,000 / $89,875 Per Unit.
Pinnacle AZ Development LLLP of Phoenix, Arizona sold McDowell Apartments, located at 1317 & 1321 West McDowell Road, in the F.Q. Story Historic District of downtown Phoenix to the Virani Family Trust of San Francisco, California for $719,000 / $131 Per Square Foot. Natan Jacobs and Les Litwin with Vestis Group in Phoenix represented the Seller in the sale of this Phoenix multifamily property. Tom Rizen with R.A.N. Realty & Property Management represented the Buyer.
Date: Sep 30, 2014
Transaction Amount: $719,000
Cap Rate: 6.75%
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Sold!
Location: 1819 North 40th Street, Phoenix, AZ, 85008
Comments:
Date: Aug 28, 2014
Transaction Amount: $240,000
Cap Rate: 9.00%
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Sold!
Parties:
Location: 2000 E Golf Road, Schaumburg, IL, 60173
Comments:
Date: Sep 03, 2014
Transaction Amount: $4,200,000
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Sold!
Parties: Melanie Richardson
Location: 631 Earthside Circle , Claremore , OK, 74017
Comments: First Commercial Real Estate Services Corporation is pleased to announce the sale of the Beacon Hill Townhomes located in Claremore, Oklahoma. The property is located at 631-643 Earthside Circle and is near the Claremore Indian Hospital, the Claremore Expo Center and Rogers State University. The Buyer is a local real estate investor and the Seller is a partnership of out-of-state real estate investors.
The sale price was $ 2,200,000 or $68,750 per unit. The property was constructed in 1979 and consists of 16 buildings with a total of 32 units and a storage building. The unit mix consists of two, three, and four bedroom units. All units have a garage and washer/dryer connections as well as fireplaces and patios. The property was significantly upgraded including recent siding, new roofs, and extensive landscaping. The interiors were updated with unique custom finishes.
The Seller was represented by the multifamily team of Mike Marrara and Melanie Richardson of First Commercial Real Estate Services Corporation. The Buyer was represented by Tracy Streich of Realis Management, LLC. Mike and Melanie noted that there was strong interest in the area and in the property, with an offer generated in less than 30 days of marketing. There is a high demand for stabilized, cash flowing assets in good areas. Beacon Hill sold for 98% of its list price and at the current NOI that translates to a 7.3 CAP Rate.
David Hagaman with Tulsa Abstract and Title Company handled the closing. RCB Bank provided financing to the Buyer for the acquisition.
Date: Aug 21, 2014
Transaction Amount: $2,200,000
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Leased!
Parties: Rommie Mojahed, Mary Nollenberger
Location: 7260 W. Bell Rd. , Glendale, AZ, 85308
Comments: A nail salon has leased 1,947 SF of retail space at Arrowhead Festival Shopping Center located at 7260 W. Bell Road in Glendale. Mary Ridberg and Rommie Mojahed represented the landlord. Also new to Arrowhead Festival Shopping Center is Destination Scuba who leased 2,054 SF of space at the center.
Date: Aug 01, 2014
Transaction Amount: $0
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Leased!
Location: 310 N. Litchfield Road, Goodyear, AZ, 85338
Comments: Judy Jones, Mary Ridberg and Rommie Mojahed represented the owner of a former JB’s Restaurant located at 310 N. Litchfield Road in Goodyear in the leasing of the 5,012 SF building to Eggs and More Restaurant. Chip Diamond of Diamond Properties represented the tenant.
Date: Apr 22, 2014
Transaction Amount: $0
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Sold!
Location: 5139 W. Glendale Ave, Glendale, AZ, 85301
Comments: The Hinkson Company, LLC purchased a 50,467 SF retail building, known as Glendale Center, located at 5139 W. Glendale Avenue in Phoenix for $2,600,000 or $51.51 PSF. Erin Schrauth, Peter McQuaid and Greg Vanlerberghe represented the seller, GLC Glendale Holdings, LLC.
Date: Jul 31, 2014
Transaction Amount: $2,600,000
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Sold!
Parties: Melanie Richardson
Location: 2304 Glen Oaks Drive, Norman, OK, 73071
Comments: First Commercial Real Estate Services Corporation is pleased to announce the sale of the Glen Oaks Apartments located in Norman, Oklahoma. The property is located at 2304 Glen Oaks Drive. This property is located off of Highway 9 giving the residents easy access to I-35. It is near the new Ronald Reagan Elementary School and is a mile and a half from the University of Oklahoma campus. The Seller is an out of state real estate investor and the Buyer is a local non-profit corporation.
Date: Aug 13, 2014
Transaction Amount: $600,000
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Sold!
Parties: Melanie Richardson
Location: 867 Fendlwy Drive, Conway, AR, 72032
Comments: First Commercial Real Estate Services Corporation is pleased to announce the sale of Village Apartments in Conway, Arkansas. This 102-unit property was purchased by CM Properties of Conway LLC. The seller was Village Partners LLC, whose managing member has holdings in Oklahoma and surrounding States. The Seller's property management company is based out of Tulsa, OK.
Date: Jul 29, 2014
Transaction Amount: $4,900,000
Cap Rate: 8.25%
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Leased!
Parties: Kristian Lee
John Budz, Realty Executives International Elite
Location: 209 Stephens St., Lemont, IL, 60439
Comments: Kristian Lee represented First Light Financial (www.1stlightfinancial.com) in leasing this small executive office in downtown Lemont. First Light Financial will be relocating from Bolingbrook to Lemont.
Date: Jul 25, 2014
Transaction Amount: $0
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