Leased/Sold
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Sold!
Parties: Natan Jacobs, Les Litwin
Location: 1317 & 1321 W McDowell Road, Phoenix, AZ, 85007
Comments: Vestis Group is pleased to announce that Principals Natan Jacobs and Les Litwin have completed the sale of McDowell Apartments, an 8-unit multifamily community located in the sought after F.Q. Story Historic District in Downtown Phoenix, just north of Midtown Phoenix, Arizona for $719,000 / $89,875 Per Unit.
Pinnacle AZ Development LLLP of Phoenix, Arizona sold McDowell Apartments, located at 1317 & 1321 West McDowell Road, in the F.Q. Story Historic District of downtown Phoenix to the Virani Family Trust of San Francisco, California for $719,000 / $131 Per Square Foot. Natan Jacobs and Les Litwin with Vestis Group in Phoenix represented the Seller in the sale of this Phoenix multifamily property. Tom Rizen with R.A.N. Realty & Property Management represented the Buyer.
Date: Sep 30, 2014
Transaction Amount: $719,000
Cap Rate: 6.75%
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Sold!
Location: 1819 North 40th Street, Phoenix, AZ, 85008
Comments:
Date: Aug 28, 2014
Transaction Amount: $240,000
Cap Rate: 9.00%
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Sold!
Parties: Natan Jacobs, Les Litwin
Erica Rodgers, Realty One Group, Inc.
Location: 3728 East Monterosa Street, Phoenix, AZ, 85018
Comments: Property had been completely remodeled in 2014. Average Rents at time of sale were $1,175. Vestis Group received 6 offers the first week of the listing. At the sale price of $1,064,800, the actual cap rate was 7.25%. Over the last 12 months, Vestis Group has purchased 8 multifamily apartment communities in the Phoenix area. They are looking to acquire another 7 or 8 projects before the end of the year. http://vestis-group.com/multi-family-residential-investment/
Date: Jul 18, 2014
Transaction Amount: $1,064,800
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Sold!
Matt Seaman
Location: 1018 West Roosevelt Street, Phoenix, AZ, 85007
Comments: Vestis Group is pleased to announce that brokers Natan Jacobs, Les Litwin and Victoria Miachika have completed the sale of Roosevelt 11, a 5,028 square feet, single-level, freestanding office building, located near Roosevelt Row in Downtown Phoenix, for $372,000 / $73.99 per square foot.
Ronald Yenney of Ephrata, Washington sold the Roosevelt 11 office building, located at 1018 West Roosevelt Street, in Downtown Phoenix to Harder Development from Phoenix, Arizona for $372,000. Natan Jacobs, Les Litwin and Victoria Miachika with Vestis Group in Phoenix represented the Seller in the sale of this Phoenix office building. Matt Seaman with CK Property Management, LLC in Phoenix represented the Buyer.
Date: Jun 13, 2014
Transaction Amount: $372,000
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Leased!
Parties: Natan Jacobs, Les Litwin
Location: 4331 North 12th Street, Phoenix, AZ, 85014
Comments: Suite 102 - Signed a 12-month lease at $595 per month.
Suite 103 - Signed a 12-month lease at $695 per month.
Date: May 31, 2014
Transaction Amount: $0
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