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Presson Cos Acquires Gainey Center Office Property In Scottsdale For $26.5M

Property Image
SOLD
$26,500,000
Chris Marchildon
Barry Gabel
DB

Arizona

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Office143,653 SF
Sold 08/17/2023
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Property Image
SOLD

Presson Cos Acquires Gainey Center Office Property In Scottsdale For $26.5M

8601 North Scottsdale Road Scottsdale, Arizona 85253, USA

See Similar Deals
Office143,653 SF
Sold 08/17/2023
Chris Marchildon
Barry Gabel
DB
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Office
Price Per Square Foot:$184
Total Square Footage:143,653 SF
Transaction Type:Sale

Lincoln Property Co. has sold Gainey Center, a 143,653-square-foot Class A office property in Scottsdale, Arizona, for $26.5 million to Presson Cos., led by President Daryl Burton. The office building is located at 8601 N Scottsdale Rd on a 5-acre land. The property's market is situated in Scottsdale, AZ.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $26,500,000
  • Address: 8601 N Scottsdale Rd
  • Market: Scottsdale, AZ
  • Acres: 5
  • Buyer: Presson Cos - Daryl Burton
  • Seller: Lincoln Property Co
  • Brokers: Barry Gabel & Chris Marchildon - Newmark
  • Square Footage: 143,653
  • Price per Square Foot: $184

The transaction was facilitated by the brokers Barry Gabel and Chris Marchildon of Newmark. The sale marks a successful deal for Presson Cos as they expand their portfolio with the acquisition of Gainey Center.

Players

Barry Gabel
Newmark
Barry Gabel
13 deals$531.5M volume
BROKER
Chris Marchildon
Newmark
Chris Marchildon
13 deals$531.5M volume
BROKER
Lincoln Property Company
Lincoln Property Company
BROKERAGE
DB
Daryl Burton
2 deals$98.6M volume
BUYER
Lincoln Property Company
Lincoln Property Company
SELLER

Details

SOLD
IMAGE: Barry Gabel, Chris Marchildon & Daryl Burton DATE: 08/17/2023 ADDRESS: 8601 N Scottsdale Rd MARKET: Scottsdale, AZ ASSET TYPE: Office ~ ACRES: 5 BUYER: Presson Cos - Daryl Burton SELLER: Lincoln Property Co BROKERS: Barry Gabel (@BarryGabel) & Chris Marchildon - Newmark SALE PRICE: $26,500,000 SF: 143,653 ~ PPSF: $184 NOTE: Lincoln Property Co. has sold Gainey Center, a 143,653-square-foot Class A office property in Scottsdale, Arizona, for $26.5 million to Presson Cos., led by President Daryl Burton.

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