Vestis Group Completes Sale Of Infill Commercial Land In North Scottsdale For $1.2M | CEM
By Celina Busse | Commercial Executive Magazine
Phoenix, Ariz. – Vestis Group, a commercial brokerage, investment and development firm, is pleased to announce the sale of 1.3 Acres of C-3 Zoned land, located at 22001 North Scottsdale Road in North Scottsdale, for $1,200,000 or $21 per square foot. The Phoenix based Vestis Group commercial brokerage team of Natan Jacobs and Matt Morrell negotiated the transaction on behalf of the buyer, a private investor from Scottsdale, Arizona. Brad Douglass and Mark Bramlett of Cushman Wakefield represented the seller, Focha LLC from Scottsdale, Arizona.
The subject property, located at 22001 N Scottsdale Rd, Scottsdale, AZ 85255, features direct access to the Loop 101 Freeway, within 1.5 miles, and is situated across Miller Road from the mixed-use development, “Silverstone,” formerly Rawhide. Silverstone will ultimately consist of 976 homes, an independent and assisted living facility, Vi at Silverstone, as well as office and retail space. Nearby resort/hotels include: The Boulders, Fairmont Scottsdale Princess, JW Marriott Phoenix Desert Ridge Resort & Spa, The Westin Kierland Resort & Spa Phoenix-Scottsdale, and Four Seasons Resort Scottsdale At Troon North.
Vestis Group is the broker of choice for individuals and institutions investing in multifamily residential and commercial real estate throughout Metropolitan Phoenix. Our advisors assist clients in the acquisition and disposition of multifamily investment and retail investment assets, including, apartments, bulk condo packages, duplex/triplex/fourplex properties, single-family rental portfolios (SFR Portfolios), income producing single-family investment properties, neighborhood strip centers, retail power centers, retail strip centers, neighborhood grocery, retail PAD and retail shopping centers. In the field of housing, Vestis Group’s principals have developed, built, rehabilitated, constructed, improved, managed, and sold thousands of apartments units, condos, single-family homes and home sites.
About Vestis Group
Vestis Group is a leading Multifamily Investment sales and Advisory Services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies.
We specialize in Phoenix Apartments For Sale.
Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.
Vestis Group serves multifamily owners and investors with a full suite of commercial real estate services, including Buyer Representation, Tenant Representation, Project Marketing & Sales, Asset Management, Project & Development Services, Research and Consulting.