Colliers International in greater Phoenix recently completed the sale of the Impact Church building in North Scottsdale for $3.3 million or $143 per square foot.
Scottsdale Training Facility Partners LLC of Scottsdale purchased the building, located at 15650 North 83rd Way, from Impact Church of Scottsdale.
Greg Hopley, executive vice president with Colliers International, represented the seller. The buyer’s broker was John Quatrini, associate broker with Shell Commercial Investment Real Estate of Scottsdale.
The 23,000-square-foot commercial flex building was built-out and ready to occupy. It provides existing offices, classrooms, conference room, kitchen, sanctuary and outdoor play area.
“These amenities were important for the buyer as Scottsdale Training Facility Partners provides sales training and motivational speaking for large companies in the U.S. and abroad,” Hopley said.
Constructed in 1999, the building is situated on 1.51 acres or 65,766-square-feet of land on the southwest side of Hayden Road and 84th Street. The property sits just east of the Scottsdale Municipal Airport airstrip.
The building offers lush landscaping, Southwestern architecture, ample parking, private entrances, available building signage and easy access to the Loop 101 via Hayden Road and Frank Lloyd Wright Boulevard. It is also in walking distance to hotels, restaurants and shopping.
“This excellent location is surrounded by some of the highest demographics in Greater Phoenix,” said Hopley, adding, “This was very significant to the buyer in purchasing this asset for its corporate headquarters.”
The sale was timely for Impact Church of Scottsdale, one of the fastest growing churches in the country, which is building a new facility on the east side of Hayden Road.
“This was a great opportunity for the buyer to purchase a building ready to occupy, and conduct business literally the day after close of escrow,” said Hopley, adding, “It was an absolute win / win transaction for both the buyer and seller.”
About Colliers International
Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.
