by Phill Tomlinson | Feb 17, 2020 | Blog
The LCRE Investment Team is proud to have exclusively represented B&J Buildings, LLC in the sale of 14201 N Hayden Rd, Scottsdale AZ 85260. 14201 N Hayden Rd.,Suite C-3 is an industrial condo with approximately 3,119 square foot industrial/flex building located within the Hayden Business Center. It sold for $522,432.00 at $167.50 per SF on 09/03/2019.nnThis property is nestled in the heart of Scottsdale’s Airpark area with easy access to the Loop 101 freeway and major street arteries. The Scottsdale Airpark is home to a variety of restaurants, retail, commercial, and industrial mix.nnAbout LCRE Investment TeamnThe LCRE Investment Team is a full-service commercial real estate advisory team at Commercial Properties, Inc. (CPI) headquartered in Scottsdale Arizona specializing in investments in the office, retail, medical, and industrial sectors. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals and our highly personal approach to client service, ILRE Investment Team is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long-term growth and success.nnLearn more about LCRE Investment Team online at www.leveragedcre.com
by Phill Tomlinson | Feb 17, 2020 | Blog
The LCRE Investment Team is proud to have exclusively represented Seller in the investment sale of Venture Professional Plaza – Building B located at 8805 W Union Hills Dr, Peoria AZ 85382. This Commercial Multi-Tenant Office Building, included a pad with frontage on Union Hills Drive for potential Build to Suit, Seven (7) tenants and a cell tower with a 35 year lease.nnVenture Professional Plaza has two-stories with 7,968 square feet. It was built in 1996 and sold for $1,275,000.00 at $160.02 per SF on 7/26/2019. The Cap Rate was 8.6% at an NOI of $110,566.00. Venture Professional Plaza sits on 0.92 acres. The zoning is C2 with a parking ratio of 7.00/1,000 SF. The parcel number is 200-43-634.nnVenture Professional Plaza is in the West Valley Arrowhead area. This multi-tenant office building is located along Union Hills Drive just west of the Loop 101 with close proximity to Arrowhead Towne Center Shopping and restaurants.nnAbout LCRE Investment TeamnThe LCRE Investment Team is a full-service commercial real estate advisory team at Commercial Properties, Inc. (CPI) headquartered in Scottsdale Arizona specializing in investments in the office, retail, medical, and industrial sectors. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals and our highly personal approach to client service, ILRE Investment Team is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long-term growth and success.nnLearn more about LCRE Investment Team online at www.leveragedcre.com nn
by Phill Tomlinson | Feb 17, 2020 | Blog
The LCRE Investment Team is proud to have exclusively represented the Buyer in the sale of 1337 South Gilbert Road, Mesa AZ 85204. This investment is located in Tableland Village II at the Southeast corner of Gilbert Road & Southern Avenue at a signalized intersection with close proximity to US 60.nnThe center is constructed of block with a decorative brick facade. The walkway is covered by an attractive copper colored metal roof and features a decorative bronze fascia on the underside. The property has relatively good visibility from Gilbert Rd. and features a multi-tenant monument sign on Gilbert Rd. 43,111 VPD on Gilbert Rd.nnThere are 23 suites although some tenants occupy more than one suite. Currently 51% leased, great value added potential with current 49% vacancy. Current capitalization rate of 5.9% at 51% occupancy; potential capitalization rate of 11.7% at 93% occupancy.nnAttractive 39,618 SF Multi-Tenant Retail Building on a 3.33 Acre Parcel. Constructed in 1986. Suites can be used for Retail, Office, or Medical. It is in the opinion of the listing brokers that a medical office would be a great use for the property.nnAbout LCRE Investment TeamnThe LCRE Investment Team is a full-service commercial real estate advisory team at Commercial Properties, Inc. (CPI) headquartered in Scottsdale Arizona specializing in investments in the office, retail, medical, and industrial sectors. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals and our highly personal approach to client service, ILRE Investment Team is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long-term growth and success.nnLearn more about LCRE Investment Team online at www.leveragedcre.com
by Phill Tomlinson | Feb 17, 2020 | Blog
The LCRE Investment Team is proud to have exclusively represented the Buyer in the sale of the Dollar General at 761 Dale Evans Dr, Italy TX 76651. This retail NN investment was built in 2004 with 9,301 square feet. It sold for $700,000.00 at $75.26 per SF. The cap rate was 7.9% with an NOI of $55,692.00.nnAbout LCRE Investment TeamnThe LCRE Investment Team is a full-service commercial real estate advisory team at Commercial Properties, Inc. (CPI) headquartered in Scottsdale Arizona specializing in investments in the office, retail, medical, and industrial sectors. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals and our highly personal approach to client service, ILRE Investment Team is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long-term growth and success.nnLearn more about LCRE Investment Team online at www.leveragedcre.com
by Prince Licaylicay | Feb 17, 2020 | Investing, Selling
LCRE Investment Team is proud to have exclusively represented the Buyer, 52nd Street, a Joint Venture, in the purchase of a Black Bear Diner located at 1420 Market Place Drive, Great Falls MT 59404. This Retail Commercial Building was an Absolute Net Investment. It was built in 2007 with 7,365 square feet. It Sold for $3,350,000.00 at $454.79 SF on July 3rd, 2019. The Cap Rate was 6.8% with an NOI of $227,812.50.
Black Bear Diner is a fast-growing, community-oriented, family dining concept that offers great food in a fun, bear-themed atmosphere. Born from a desire to bring home-style comfort food classics and personal service back to the dining experience, the brand is strategically growing its national footprint. Black Bear Diner has approximately 124 locations in 12 states, including Arizona, California, Colorado, Idaho, Oregon, Texas, and Washington. In 2017, Nation’s Restaurant News highlighted the brand as a “disruptor” in the family dining market, noting market share gains against numerous legacy brands, while Franchise Times ranked it as #242 on its Next 300 Franchises to Watch in 2017 list.
1420 Market Place Drive Guarabtor: MERIDIAN RESTAURANTS
Meridian Restaurants was founded in 2002 with 14 restaurants. Today, Meridian now has 127 restaurants consisting of four top-tier brands across eleven states: Burger King, El Pollo Loco, Chili’s, and Black Bear Diner. The tenant; NDM Restaurants, Limited Company; is a wholly owned subsidiary of Meridian Restaurants Unlimited, Limited Company.
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Phill Tomlinson is a commercial real estate broker with Commercial Properties, Inc. (CPI) in Scottsdale, Arizona, and owner of the Leveraged CRE Investment Team specializing in investment sales and tenant/landlord representation in the Phoenix and Scottsdale submarkets. Phill applies over 21 years of experience in the Real Estate industry helping investors and owners maximize their returns.
Bookmark www.leveragedcre.com to learn more about the Commercial Real Estate market and keep informed of relevant real estate strategies designed to maximize your income property investment results. Connect and follow Phill on Social Media at https://linktr.ee/PhillTomlinson. #LeveragedCRE
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