Foreclosed Phoenix facility purchased for $2.8M

Screen Shot 2013-12-20 at 7.01.15 AMAZRE Magazine

A Southern California investment group with a growing portfolio of Valley properties, recently purchased a 64,375 SF manufacturing facility at 4039 E. Raymond St. in Phoenix for $2,895,000. Price per square foot was recorded at $44.97.

The property was formerly owned by River of Life Church who lost the building to foreclosure earlier this year. The transaction was an REO sale.

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