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21461-21509 North 78th Avenue
SOLD

CBRE Facilitates Sale Of Arrowhead Ranch Business Park In Peoria, AZ For $12.68M To California-based Buyer In 1031 Exchange

21461-21509 North 78th Avenue

Mixed-use
100,000 SF
clock iconSold 217 days ago
Nick Williams
Geoffrey Turbow
Gary Cornish
+ 4
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Summary

Sale
ARIZONA
Mixed-use
100,000 sqft

The Arrowhead Ranch Business Park in Peoria, Arizona, has been sold in a transaction facilitated by CBRE. The mixed-use property, spanning 9.56 acres, is located at 21461-21509 North 78th Avenue. The sale price for this property was $12,680,000, which translates to a price per square foot of $254. This transaction took place as part of a 1031 exchange, with a California-based private buyer acquiring the property.

Summary of transaction details:

CBRE played a key role in facilitating the sale of the Arrowhead Ranch Business Park. The property was acquired by a California-based private buyer, marking an important transaction in the real estate market. The involvement of Russell Fraser from Pacifica Real Estate Group as the seller, along with the multiple brokers from CBRE, demonstrates the collaborative efforts of industry professionals in executing this deal.

Players

  • All

    7

  • Agents

    6

  • Agencies

    1

Nick Williams's profile picture
Nick Williams
CBRE-image
Transaction Manager
$191M Sold
Gary Cornish's profile picture

Details

Deal Summary
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SOLD
IMAGE: Russell Fraser, Anthony DeLorenzo, Evan Koplan, Gary Cornish, Geoffrey Turbow, Nick Williams & Serena Wedlich DATE: 10/25/2023 ADDRESS: 21461-21509 North 78th Avenue MARKET: Peoria, AZ ASSET TYPE: Mixed-use ~ ACRES: 9.56 SELLER: Russell Fraser - Pacifica Real Estate Group BROKERS: Anthony DeLorenzo, Evan Koplan, Gary Cornish, Geoffrey Turbow, Nick Williams & Serena Wedlich - CBRE SALE PRICE: $12,680,000 SF: 50,000 ~ PPSF: $254 NOTE: CBRE facilitated the sale of the Arrowhead Ranch Business Park in Peoria, Arizona, to a California-based private buyer as part of a 1031 exchange for $12.68 million.

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Address21461-21509 North 78th Avenue

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