Evergreen Associates Acquires Office Building On West Peoria Ave, Phoenix For $11.2M

The office property located at 2101 West Peoria Ave in Phoenix, AZ has been sold for $11,200,000. The transaction took place on 11/11/2022. The property spans across 62,771 square feet, resulting in a price per square foot of $178. The buyer of the property is Evergreen Associates, while the seller is Next Gen Black Canyon LLC. The sale was facilitated by brokers Eric Wichterman and Mike Coover from Cushman & Wakefield.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $11,200,000
• Address: 2101 West Peoria Ave, Phoenix, AZ
• Market: Phoenix, AZ
• Buyer: Evergreen Associates
• Seller: Next Gen Black Canyon LLC
• Brokers: Eric Wichterman and Mike Coover - Cushman & Wakefield
• Square Footage: 62,771
• Price per Square Foot: $178

The sale of this office property showcases the successful collaboration between Evergreen Associates as the buyer and Next Gen Black Canyon LLC as the seller. The transaction was facilitated by experienced brokers Eric Wichterman and Mike Coover from Cushman & Wakefield. The property's strategic location in Phoenix, AZ makes it an attractive investment opportunity.