PHOENIX, AZ – November 5, 2012 – (RealEstateRama) — C2 Tactical Indoor Shooting Range has purchased a 17,219 sq. ft. retail showroom building at Emerald Design Center near Warner Road and Interstate 10 in Tempe for $1,125,000. The transaction price per square foot was tabulated at $65.33.
C2 purchased the property from Wells Fargo Bank. Construction will commence on a state-of-the-art, air conditioned 23-lane indoor shooting range, a 5,000 sq. ft. retail showroom, several training classrooms, corporate conference room, VIP area and a new training simulation room.
The buyer, led by investor Boe Bergeson, was represented by Rick Robertson of Lee & Associates Arizona while the seller was represented by Jan Fincham, Pat Dempsey and Chris McClurg, also of Lee & Associates Arizona. Bergeson selected RJM Construction Company to do the tenant improvements and the new facility should be open in January 2013.
C2 Tactical Indoor Shooting Range is joining several other new tenants in the 162,000 sq. ft. retail condo project adjacent to the IKEA store. In August, Lee & Associates represented Wells Fargo in the sale of a 21,568 SF showroom space to Aveda Institute of Denver who will be opening a retail showroom, training facility and salon in a $1,725,000 transaction. RJM Construction will serve as General Contractor for this tenant improvement as well.
Over the past year, fi ve new tenants have leased approximately 40,000 sq. ft. of showroom space in the project that was constructed in 2007 by LGE Design Build. The tenants are, Diamondback Billiards, Mattress RX, La Casona Furniture, LMC Home Entertainment and Furniture Fun.
About Lee & Associates
Lee & Associates 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 Arizona. Each of the 45 nationwide Lee & Associates offi ces has a strong local ownership combined with a powerful platform from the national Lee & Associates network.
Rick Robertson, 602.954.3748
Boe Bergeson, 602.763.7318
Senior Research Analyst
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pr (at) leearizona (dot) com