$5M+ Deals – $119M in Phoenix commercial deals

Below are the deals that closed Friday, December 11, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $44M
Buyer: Luhr’s Investor, LLC (Lincoln Property Company & Invesco)
Seller: HHLuhrs, LLC
Property Type: Commercial
Property Size: 1.7 acres, 343,285 SF
Location: SEC S 1st Ave & E Jefferson St in Phoenix (11 & 45 W Jefferson St)
APN: 112-22-105A, 112-24-216A
Financing: $500K down on new conventional loan
To view the affidavit, click here.

Price: $14.5M
Buyer: Drawbridge Black Canyon, LLC
Seller: 11001 North Black Canyon, LLC
Property Type: Commercial
Property Size: 4.9 acres, 101,669 SF
Location: N of NEC Black Canyon Kwy & W Peoria Ave in Phoenix (11001 N Black Canyon Hwy)
APN: 149-07-069
Financing: $0 down on new conventional loan
To view the affidavit, click here.

Price: $10.85M
Buyer: 1440 Missouri Partners, LP
Seller: KP Missouri Commons, LLC
Property Type: Commercial
Property Size: 5.2 acres, 111,626 SF
Location: W of NWC N 16th St & E Missouri Ave in Phoenix (1430 E Missouri Ave)
APN: 162-02-095
Financing: Cash
To view the affidavit, click here.

Price: $10.85M
Buyer: AZRE1, LLC
Seller: JTB Real Estate, LLLP
Property Type: Commercial
Property Size: 0.1 acres, 7,606 SF
Location: S of SEC N 31st Ave & W Peoria Ave in Phoenix (10040 N Metro Pkwy W)
APN: 149-16-393
Financing: $1M down on seller loan
To view the affidavit, click here.

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