David McHenry Acquires Office Building From LNR Partners In Tempe For $7.3M

The property asset involved in the transaction is a flex office building located at 8700 South Price Road in Tempe, AZ. The sale was completed for a price of $7,300,000, with a total square footage of 132,070 and a price per square foot of $55.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $7,300,000
• Address: 8700 South Price Road
• Market: Tempe, AZ
• SF: 132,070
• PPSF: $55
• Buyer: David McHenry
• Seller: LNR Partners

This transaction involved the brokerage services of Eric Wichterman, Christopher "Chris" Toci, and Mike Coover from Cushman & Wakefield, alongside Charles Miscio and Luke Waller from CBRE, who assisted in the sale of the fully vacant property to David McHenry.