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Two Closings in Two Days

September 1, 2010 by Nick Miner, CCIM   No comments   Filed Under: Completed Transactions

Nicholas L Miner, CCIM and David G Verwer, CCIM recently completed two commercial property sales in two days.

The first transaction was a 13,000 Sq. Ft of Office/Flex building in North Scottsdale. It was formerly occupied by the Raintree Pet Resort. The interesting part about this sale was it was a short sale with two lenders; one of which was the SBA. Nick and Dave represented the Seller in the transaction. The final sales price was $1.54M.

The second transaction was a 1.13 acre parcel in Flagstaff, Arizona. Nick had been working with a developer that was awarded a GSA contract for a build to suit. This property was under option for over a year before the GSA contract was finally awarded to Nick’s client. The final purchase price was $475,000. The seller purchased the property two years ago for over $600,000.

For more information about these transactions, please feel free to call or email Nick or Dave.

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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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