$5M+ Deals – Valley hot spot property sells for $6.85M

Below is the deal that closed Thursday, September 9, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $6.85M
Buyer: CH Retail Fund I/Phoenix The Yard, LLC
Seller: WDP 7^th Street, LLC
Property Type: Commercial
Property Size: 1.5 acres
Location: SWC of N 7^th St & E Montebello Ave in Phoenix – 611 E Montebello Ave, 5632 N 7^th St, 5632 N 7^th St, 5624 N 7^th St, 5650 N 7^th St, 5640 N 7^th St
APN: 162-35-001, 162-35-004A, 162-35-005, 162-35-006, 162-35-002, 162-35-003A
Financing: $200k down on new conventional loan

To view the affidavit, click here.