West Valley Properties, Inc Acquires Office Property In Gilbert, AZ For $53.1M

Located at 355 E Germann Rd in Gilbert, AZ, this 12.78-acre office property was recently sold in a closed transaction. The property spans a total of 149,321 square feet, with a sale price of $53,100,000, resulting in a price per square foot of $356. The transaction took place on September 15, 2022.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $53,100,000
• Address: 355 E Germann Rd, Gilbert, AZ
• Market: Gilbert, AZ
• Acres: 12.78

The buyer, West Valley Properties, Inc, acquired the property from the seller, Orsett Properties. The transaction was facilitated by CJ Osbrink from Newmark, serving as the broker in the deal.