Albuquerque SNF LLC Purchases Office Building In Phoenix For $11.5 Million

The transaction involved the sale of Fairmount Place, an office building located at 4001 North 3rd Street in Phoenix, AZ. The asset spans 87,030 square feet and was sold for $11,500,000, resulting in a price per square foot of $132. The property features a four-story structure with a total of 31 suites.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $11,500,000
• Address: 4001 North 3rd Street
• Market: Phoenix, AZ
• Square Footage: 87,030
• Price per Square Foot: $132
• Buyer: Albuquerque SNF LLC
• Seller: First & Center LLC
• Brokers: Eric Wichterman & Christopher Toci - Cushman & Wakefield

Cushman & Wakefield facilitated the sale, assisting in the arrangement of the transaction as First & Center LLC transferred ownership of the property to Albuquerque SNF LLC. The brokers involved played a crucial role in finalizing the deal within the commercial real estate market.