ICRE Investment Team is proud to have exclusively represented Seller in the investment sale of Venture Professional Plaza – Building B located at 8805 W Union Hills Dr, Peoria AZ 85382. This Commercial Multi-Tenant Office Building, included a pad with frontage on Union Hills Drive for potential Build to Suit, Seven (7) tenants and a cell tower with a 35 year lease.
Venture Professional Plaza has two-stories with 7,968 square feet. It was built in 1996 and sold for $1,275,000.00 at $160.02 per SF on 7/26/2019. The Cap Rate was 8.6% at an NOI of $110,566.00. Venture Professional Plaza sits on 0.92 acres. The zoning is C2 with a parking ratio of 7.00/1,000 SF. The parcel number is 200-43-634.
Venture Professional Plaza is in the West Valley Arrowhead area. This multi-tenant office building is located along Union Hills Drive just west of the Loop 101 with close proximity to Arrowhead Towne Center Shopping and restaurants.
About ICRE Investment Team
ICRE Investment Team is a full-service commercial real estate advisory team at Commercial Properties, Inc. (CPI) headquartered in Scottsdale Arizona specializing in investments in the office, retail, medical, and industrial sectors. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals and our highly personal approach to client service, ICRE Investment Team is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long term growth and success.
Learn more about ICRE Investment Team online at www.investingincre.com.
