PHOENIX – Located near the Central Avenue Corridor, one half mile south of Thomas Road and 7th Street, this 5,500 square foot freestanding building sold for $735,000, or $134 per square foot. The property benefits from good exposure along 7th Street, with over 41,000 vehicles passing per day.
Nick Miner, CCIM and Andrew Harrison of ORION Investment Real Estate exclusively represented the Buyer, MRC Holdings, LLC. Miner said, "This was an owner/user sale. The Buyers have plans to extensively remodel the property for their use of a PR and law firm. They liked the location to the local amenities, including restaurants, and proximity to downtown Phoenix."
The Seller, Magnacca, LLC, was represented by Justin Horwitz and Paul Borgesen of SVN/Desert Commercial Advisors.
2501 North 7th Street
Built in 1947
+/- 5,500 SF
ORION Investment Real Estate represented the Owner/User of Historic Office - Commercial Executive Magazine
Owner/User Historic Office Central Corridor Phoenix Sold - Real Estate Daily News