Office
16001 N 28th Ave. Phoenix, AZ
• Purchased Vacant on 4/28/2023
• Owned by RMR REIT
• Zoned Industrial
• Full FF&E, Plug & Play to Office user
Purchase Price
$4,900,000 ($45.60 PSF)[$13.14 PLSF]
Purchase Date
28/04/2023
Size (Sq. ft)
107,452 SF
Business Plan
Lease for cheap, Sell to User or Redevelop
Additional Notes
• Sold to Self Storage Developer on 10/30/2023
• Sale Price: $8,750,000 ($81.43 PSF)
• 132.21% Deal-Level IRR
• 1.53x Deal-Level EM