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Closed transaction on OREO Property – March 24, 2010

March 24, 2010 by Nick Miner, CCIM   No comments   Filed Under: Research

Nicholas L Miner, CCIM and David G Verwer, CCIM recently represented the seller, Central Arizona Bank, in the sell of a 4,000 Sq. Ft. industrial-flex condo near Falcon Field in Mesa, Arizona. “The interesting part of the transaction was the fact that the buyer was the original developer. He purchased the property back at what it originally cost him to build it,” according to Miner. The buyer, The Reeb Group, was represented by Cassidy Turley Commercial.

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Nick Miner, CCIM

ORION Investment Real Estate
7150 E. Camelback Road
Suite 425
Scottsdale, AZ 85251

480-226-8037
nick@nickminer.com

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