PHOENIX, ARIZ. – A unique building located along Osborn Road, just east of 16th Street, recently sold for $1,190,000 ($242.71/SF). Formerly occupied by Coupe des Tartes restaurant, built in 1922 and renovated in 2015, the building will transition into office use. Situated on approximately 1.04 acres, the property is ideally located and part of the thriving 16th Street Corridor, home to many new apartment homes and restaurants.
Judi Butterworth and Lacey Eyman of ORION Investment Real Estate facilitated the sale. Butterworth said, “The buyers were able to purchase a unique, adaptable building in a great location. The sellers recognized they were a great fit and were able to work with the buyers to get it closed in a timely fashion. Great win for all.”
The Seller, represented by Butterworth and Eyman of ORION, was Capital Fund I. The Buyer, represented by Natalie Ganter of Diversified Partners, was Theresa Lungwitz.
About ORION Investment Real Estate
ORION Investment Real Estate (“ORION”) is a leading full-service brokerage firm based in the Western United States. With several years of continued growth and success, and more than a billion dollars in recent transactions, the ORION team provides best-in-class service to the commercial real estate community. ORION is headquartered in Scottsdale, Arizona. For more information, please visit our website at www.ORIONprop.com.