Vestis Group Completes Sale Of Infill Commercial Land In North Scottsdale
FOR IMMEDIATE RELEASE – March 28, 2019
VESTIS GROUP COMPLETES SALE OF INFILL COMMERCIAL LAND IN NORTH SCOTTSDALE
Vestis Group completed the sale of 1.3 Acres of C-3 Zoned land, located at 22001 North Scottsdale Road in North Scottsdale, for $1,200,000 or $21 per square foot.
(Phoenix – March 28, 2019) – Vestis Group, a commercial brokerage, investment and development firm, is pleased to announce the sale of 1.3 Acres of C-3 Zoned land, located at 22001 North Scottsdale Road in North Scottsdale, for $1,200,000 or $21 per square foot. The Phoenix based Vestis Group commercial brokerage team of Natan Jacobs and Matt Morrell negotiated the transaction on behalf of the buyer, a private investor from Scottsdale, Arizona. Brad Douglass and Mark Bramlett of Cushman Wakefield represented the seller, Focha LLC from Scottsdale, Arizona.
The subject property, located at 22001 N Scottsdale Rd, Scottsdale, AZ 85255, features direct access to the Loop 101 Freeway, within 1.5 miles, and is situated across Miller Road from the mixed-use development, “Silverstone,” formerly Rawhide. Silverstone will ultimately consist of 976 homes, an independent and assisted living facility, Vi at Silverstone, as well as office and retail space. Nearby resort/hotels include: The Boulders, Fairmont Scottsdale Princess, JW Marriott Phoenix Desert Ridge Resort & Spa, The Westin Kierland Resort & Spa Phoenix-Scottsdale, and Four Seasons Resort Scottsdale At Troon North.
Vestis Group is the broker of choice for individuals and institutions investing in multifamily residential and commercial real estate throughout Metropolitan Phoenix. Our advisors assist clients in the acquisition and disposition of multifamily investment and retail investment assets, including, apartments, bulk condo packages, duplex/triplex/fourplex properties, single-family rental portfolios (SFR Portfolios), income producing single-family investment properties, neighborhood strip centers, retail power centers, retail strip centers, neighborhood grocery, retail PAD and retail shopping centers. In the field of housing, Vestis Group’s principals have developed, built, rehabilitated, constructed, improved, managed, and sold thousands of apartments units, condos, single-family homes and home sites.
Thinking about investing in Phoenix real estate? Have a property to sell in Arizona? Tell us what you’re searching for. Connect with us to buy, sell, or lease multifamily, residential and commercial real estate in Phoenix, and across Arizona. Let’s work together.
Natan Jacobs, Vestis Group
Call: 602-281-6202
Email: Info@Vestis-Group.com
