Overstreet Project LLC Acquires Office Building In Phoenix, AZ For $17.5M

The office property located at 1860 N. 95th Lane in Phoenix, AZ has been sold in a recent transaction. The sale was completed on 12/08/2021 for a total price of $17,500,000. The property spans a total area of 81,040 square feet, resulting in a price per square foot of $216. The buyer of the property was Overstreet Project LLC, while the seller was Next Gen 101, an entity of Helix Properties. The sale was facilitated by brokers Eric Wichterman and Mike Coover from Cushman & Wakefield.

Summary of transation details

• Property Type: Office
• Transaction Amount: $17,500,000
• Address: 1860 N. 95th Lane, Phoenix, AZ
• Market: Phoenix, AZ
• Square Footage: 81,040
• Price Per Square Foot: $216
• Buyer: Overstreet Project LLC
• Seller: Next Gen 101 (an entity of Helix Properties)
• Brokers: Eric Wichterman and Mike Coover (Cushman & Wakefield)

The sale of this office property in Phoenix marks a significant transaction in the market. The involvement of Overstreet Project LLC as the buyer and Next Gen 101 as the seller showcases the active investment activity in this area. The successful completion of the sale was facilitated by experienced brokers Eric Wichterman and Mike Coover from Cushman & Wakefield, who played a pivotal role in bringing both parties together to reach an agreement.