Phoenix, AZ – February 29, 2012 – (RealEstateRama) — Sperry Van Ness – SVN Partners in Greater Phoenix is pleased to announce the sale of 2680-2730 S. Val Vista, Buildings 5 & 15 in the medical and professional office condominium project of Spectrum Falls for $1,050,000. The Class-A office buildings totaling 7,280 square feet were built in 2006 and were part of a multi-tenant NNN investment. All but 600 square feet were occupied at the time of the sale. The bank owned buildings were purchased by Scottsdale Investment Management of Scottsdale, Arizona.
The transaction was negotiated by Justin Horwitz and Nicole Ridberg of Sperry Van Ness-SVN Partners on behalf of the seller. The buyer was represented by Francis J. Marotta of Marcor Commercial Real Estate Services of Scottsdale.
About Spectrum Falls
Spectrum Falls is an approximately 198,000 square foot signature medical and professional office condominium project. The site, located only one-half mile from the Mercy Gilbert Hospital, is now 100% sold out. It is the premier office condominium project in the Southeast Valley.
Sperry Van Ness – SVN Partners is a full-service commercial real estate services firm providing comprehensive expertise in investment brokerage, leasing, landlord/tenant representation, analysis/valuation and market research. We specialize in multifamily, retail, office, medical/dental, and restaurant property types.
Our goal is to provide the highest level and broadest selection of services by leveraging industry knowledge through strategic partnerships and crafting our skills to pursue every viable opportunity to deliver the best results for our clients.