Owner/User Offi ce Building Sells for $2.15M in Old Town Scottsdale
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Owner/User Offi ce Building Sells for $2.15M in Old Town Scottsdale

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SCOTTSDALE, AZ – November 7, 2013 – (RealEstateRama) — A 7,707 SF offi ce building located at 7000 E. 1st Ave. in Old Town Scottsdale was recently sold for $2,150,000. Price per square foot was calculated at $278.97.

The entity, Laguna Holdings, LLC dba Bigfi sh Creative Group was the buyer of the property. The design and marketing agency will occupy the space when interior upgrades are completed by the fi rst of the year. Comptrol Technologies was the seller of the property and included a short-term sale leaseback until the end of November.

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Bill Blake and Colton Trauter, Principals with Lee & Associates Arizona negotiated on behalf of the buyer. Barry Lammersen of Lammersen & Associates represented the seller. Tom Alteri, Senior Vice President with MidFirst Bank provided fi nancing.

The building offers abundant parking, excellent visability and is in close walking distance to area amenities in the heavily sought-after Old Town Scottsdale area. There are more than 3,400 businesses with 43,000 employees located within one and-a-half miles of the property.

The two-story building, built in 1974 and renovated in 2012 has highend features such as double-pane windows, vessel sinks with waterfall faucets and seven new HVAC roof units.

About Lee & Associates Arizona
Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, offi ce, land and investment sectors of the Phoenix commercial real estate market. The Phoenix offi ce was established in 1991 and is now recognized as one of the most successful brokerage fi rms in the state. Each of the 49 nationwide Lee & Associates offi ces has a strong local ownership combined with a powerful platform from the national Lee & Associates network.

Contact:
Matt DePinto
Senior Research Analyst
Public Media Relations
ph: 602.474.9512
mdepinto (at) leearizona (dot) com

Bill Blake, Principal
602-954-3761
bblake (at) leearizona (dot) com
Colton Trauter, Principal
602-474-9503
ctrauter (at) leearizona (dot) com

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