November 21, 2024 3:48 pm
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$5M+ Deals – $43M for Tempe commercial; Tempe apartments; Mesa commercial

Below are the deal that closed Wednesday, December 30, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $43.1M
Buyer: RW Tempe, LLC
Seller: Tempe Campus Lot 2, LLC (a venture formed by Northwood Investors & Wentworth Property Company)
Property Type: Commercial (General Industrial District)
Property Size: 16.5 acres
Location: NWC of Elliot Rd & Loop 101 in Tempe (Discovery Business Campus Lot 2)
APN: 301-49-818
Financing: $13.1M down on new loan
To view the affidavit, click here.

 
Price: $9.18M
Buyer: TINCATH, LLC
Seller: Synergy Farmer Avenue, LP
Property Type: Apartments, Farmer Avenue Lofts
Property Size: .4 acres, 23 units
Location: N of NWC S Ash Ave & W 5th St in Tempe (352-398 S. Farmer Ave)
APN: 124-32-138 (22 more parcels listed on affidavit)
Financing: Cash
To view the affidavit, click here.

Price: $8.46M
Buyer: Sunbelt AN, LLC
Seller: Brown & Brown Chevrolet, Inc.
Property Type: Commercial
Property Size: 3 acres
Location: SWC of S Hibbert & E Main St in Mesa (145 E Main St)
APN: 138-39-001 (39 more parcels listed on affidavit)
Financing: $1.66M down on seller loan
To view the affidavit, click here.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.