$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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