Tag Archives: Investment Property

Automotive Investment Property – Just Closed

February 3, 2016 – COBE Real Estate brokers,  Brad Broyles and Steve Beck, recently secured the sale of 4508 N 7th Ave. in Phoenix, AZ.  The property was purchased by S&L Property Management, LLC as an investment sale for $800,000.   At the time of purchase, the multi-tenant automotive repair property was 100% leased.  COBE Real Estate represented the seller, Sunbelt Lube Investors Inc. in the transaction.  COBE Real Estate has multiple investment properties currently for sale with Cap Rates 8% and higher.  Click Here for Property Search

Higley Retail Center Investment Sale Just Closed

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January 25, 2016 – COBE Real Estate brokers, TJ Zaharis,  Brad Broyles and Steve Beck recently secured the sale of 866 S Higley Rd in Gilbert, AZ.  The property was purchased by Stenehjem Holdings as an investment sale for $2,900,000 ($295/SF).  Higley Center, a 9,842 SF multi-tenant freestanding retail building, is anchored by national tenant O’Reilly Auto Parts.   At the time of purchase, the property was 100% leased.  COBE Real Estate represented both parties in the transaction.  For additional retail investment opportunity, click here: Plaza at the Orchards

Investment Sale in Gilbert AZ – Just Closed

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January 6, 2016 – COBE Real Estate brokers, Brad Broyles and Steve Beck recently secured the sale of 1355 S Higley Rd, Ste 101 in Gilbert, AZ.  The property was purchased by McQueen Farm, LLC as an investment sale for $458,000 ($220/SF).  Industrial Hand and Physical Therapy, Inc is leasing the property on a long term lease.  Brad Broyles and Steve Beck represented the owners, SKJR Investors, LLC in the sale.  IHPT – Physical Therapy is currently leasing an additional property that is also for sale at 8410 W Thomas Rd, Unit 136 in Phoenix :  8410 W Thomas Rd #136, Phoenix – Investment Sale Info