Mar
20
ORION Scoops Up Phoenix Office Building
By3001 W Indian School LLC paid $2 million to acquire Indian School Plaza, which dates back to 1972.
Phoenix—Scottsdale-based ORION Investment Real Estate has announced the $2 million sale of Indian School Plaza, a 65,000-square-foot office building in Phoenix. The brokerage firm represented the seller, Arizona-Cal Note Investments 4.5 LLC, while West USA Realty represented the buyer, 3001 W Indian School LLC. This was an all-cash transaction.
Located near the corner of 31st Avenue and Indian School Road, the Indian School Plaza is immediately adjacent to Interstate 17 and less than 1 mile from Grand Canyon University. The property is below replacement cost, with an open air atrium design. At the time of the deal, the building was 92 percent occupied…
