Vestis Group Negotiates Infill Land Sale In Phoenix Biltmore District For $2.15 Million
FOR IMMEDIATE RELEASE – August 10, 2021
VESTIS GROUP NEGOTIATES INFILL LAND SALE IN PHOENIX BILTMORE DISTRICT FOR $2.15 MILLION
Vestis Group negotiated the sale of 1.2 acres of infill land located at the SWC of 24th Street and Campbell Avenue, in Phoenix, Arizona, for $2,150,000, or $41 per square foot.
(Phoenix – August 10, 2021) – Vestis Group, a commercial brokerage and investment firm, is pleased to announce the sale of 1.2 acres of infill land located at the SWC of 24th Street and Campbell Avenue, in Phoenix, Arizona, for $2,150,000, or $41 per square foot.
“This was a great project to work on,” says Matt Morrell, President of Retail Investments at Vestis Group and the lead broker for this transaction, “We live, work and play in this trade area. The property is a half mile south of the Camelback Corridor, which made it an extremely attractive investment for the new ownership which plans to redevelop the commercial infill site.”
The Phoenix based Vestis Group commercial brokerage team of Natan Jacobs and Matt Morrell negotiated the retail building sale on behalf of the seller, a private investor from Phoenix, Arizona. The buyer, a private investor from Paradise Valley, Arizona, was represented by Andy Kroot of Kroot & Associates. Vestis Group provides landlord and tenant representation services to select national, regional and local tenants with their expansion plans throughout Arizona.
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.
About Vestis Group
Vestis Group is a leading Multifamily Investment sales and Advisory Services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies.
We specialize in Phoenix Apartments For Sale.
Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.
Vestis Group serves multifamily owners and investors with a full suite of commercial real estate services, including Buyer Representation, Tenant Representation, Project Marketing & Sales, Asset Management, Project & Development Services, Research and Consulting.
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