Davis Enterprises closes on Mid-Town acreage


By: Daniel Benson; Belfiore Real Estate Consulting

According to public record (click here to view the affidavit), Davis Enterprises – 4700 N. Central LLC (Davis Enterprises; Jenifer Davis-Lunt Managing Partner) closed on a 1.08 acre site located in Mid-Town Phoenix at the north east corner of 1st and Highland Avenues. The deal closed April 29, 2014 for $1,375,000 ($1,274,328 per acre/ $14,323 per entitled unit).

The seller in the transaction was Skybridge Central LLC (Skybridge Companies; Bryan Morganstern Managing Partner). According to a property listing packet found on Skybridge’s website (click here to view packet), the site is entitled to build up to 96 residential units.

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