SCOTTSDALE, Ariz – Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Pinnacle Peak Plaza, a 14,996-square foot office property located in Scottsdale, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,100,000.
Kelly F. O’Dea, an investment specialist in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company private investor. The buyer, a private investor, was secured and represented by Richard Butler, Senior Vice President Investments in Marcus & Millichap’s Phoenix office.
“Our sale of Pinnacle Peak Plaza is a perfect example of how collaboration and our culture of information sharing greatly benefits our clients,” says Sarbinoff. “Rich Butler, an apartment expert, and Kelly O’Dea, an office specialist, teamed up to ensure their respective clients were able achieve their goals. Our agents provide prospective buyers with access to the largest inventory of exclusively listed properties. As a result, yield-driven investors who are unable to achieve yield requirements in one product are able to pursue a variety of different investment vehicles to achieve their objectives.”
Pinnacle Peak Plaza is located at 26546 N Alma School Rd in Scottsdale, AZ.