Current print subscribers can create a free account by clicking here
Otherwise, follow the link below to join.
To Our Valued Readers –
Visitors to our website will be limited to five stories per month unless they opt to subscribe. The five stories do not include our exclusive content written by our journalists.
For $6.99, less than 20 cents a day, digital subscribers will receive unlimited access to YourValley.net, including exclusive content from our newsroom and access to our Daily Independent e-edition.
Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.
Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy. Please click here to subscribe.
Need to set up your free e-Newspaper all-access account? click here.
Non-subscribers
Click here to see your options for becoming a subscriber.
Register to comment
Click here create a free account for posting comments.
Note that free accounts do not include access to premium content on this site.
I am anchor
Real Estate
The Alamos Building in north Scottsdale trades for $3.8 million
Posted
Independent Newsmedia
CBRE has facilitated the sale of The Alamos Building, a 21,731-square-foot, multi-tenant office building in Scottsdale for $3.8 million.
A California investor completing a 1031 exchange acquired the property from George Dipp, a press release stated.
Geoff Turbow of CBRE Investment Properties – SoCal/Phoenix/Las Vegas along with Mark Trueblood with Trumark Real Estate Management and Services represented the buyer in the transaction.
Located at 8787 E. Pinnacle Peak Road in Scottsdale, The Alamos Building is a two-story, garden-style office building situated on 1.22 acres. The property was built in 1985 with classic Southwest/Spanish Colonial style architecture and offers 4.3 parking spaces per every 1,000 square feet.
The Alamos Building features a diverse tenant base, ranging from financial services to residential real estate, the press release stated. A variety of restaurants and retail centers are within walking distance and a short drive of the property.
“The Alamos Building represented an ideal opportunity for an investor to acquire an office property in the prestigious north Scottsdale submarket at the geographic center of Scottsdale, Arizona,” said Mr. Turbow in a prepared statement. “Priced well below of replacement cost, this opportunity will ensure positive future value to the investor with great upside potential.”
