Rosebud Properties Acquires Office Building In Phoenix For $34M

Barry Gabel & Chris Marchildon of CBRE represented both sides in the sale of an office property located at 2777 E Camelback Rd in Phoenix, AZ. The property, totaling 109,291 SF, was sold by LPC Desert West to Rosebud Properties for a price of $34,000,000, resulting in a price per square foot of $311.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $34,000,000
• Date: 07/29/2022
• Address: 2777 E Camelback Rd
• Market: Phoenix, AZ
• Buyer: Rosebud Properties
• Seller: LPC Desert West
• Brokers: Barry Gabel & Chris Marchildon - CBRE
• SF: 109,291
• PPSF: $311

The sale of the office property at 2777 E Camelback Rd in Phoenix, AZ was facilitated by Barry Gabel & Chris Marchildon of CBRE. Their expertise and representation played a crucial role in the successful transaction between LPC Desert West and Rosebud Properties.