$5M+ Deals – Joint venture goes on Tempe & Mesa commercial buying spree; N Phoenix Charter School

Below are the deals that closed Thursday, April 7, 2016 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $10.033M
Buyer: BAR/JCR PHX FLEX INVESTORS, LLC (BirtcherAnderson & JCR Capital)
Seller: Presson Corporation
Property Type: Commercial (GID)
Property Size: 1.8 acres
Location: N of NEC S Mill Ave & E Baseline Rd in Tempe (5005-5025 S Mill Ave)
APN: 133-41-627
Financing: $3.512M+ down on new conventional loan
To view the affidavit, click here.

Price: $8.46M+
Buyer: BAR/JCR PHX FLEX INVESTORS, LLC (BirtcherAnderson & JCR Capital)
Seller: VINEWARD/KIOWA, LLC
Property Type: Commercial (LI)
Property Size: 8.1 acres, 90,496 SF
Location: S of SWC S Country Club Dr & W Baseline Rd in Mesa (2150 & 2220 S Country Club Dr)
APN: 302-04-849
Financing: $2.97M+ down on new conventional loan
To view the affidavit, click here.

Price: $8M
Buyer: BAR/JCR PHX FLEX INVESTORS, LLC (BirtcherAnderson & JCR Capital)
Seller: Persistence F. Irrevocable Trust & Grey Friars Developments (Arizona), Inc.
Property Type: Commercial (GID)
Property Size: 5.7 acres, 86,152 SF
Location: NWC I-10 & W Southern Ave in Mesa (1919 W Fairmont Dr)
APN: 123-28-071, 123-28-072, 123-28-073
Financing: $2.85M+ down on new conventional loan
To view the affidavit, click here.

Price: $7.27M+
Buyer: Ridgeline Academy, Inc.
Seller: Challenge Foundation Properties of Arizona-Ridgeline, LLC
Property Type: Charter School
Property Size: 7 acres, 45,643 SF
Location: NW of N North Valley Pkwy & N 27th Ave in Phoenix (33625 N North Valley Pkwy)
APN: 204-02-002V
Financing: Tax exempt bonds
To view the affidavit, click here.

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