ORION Investment Real Estate announced the closing of Copper Point Business Park, a 3-building, 2-story, class A office/retail complex, located in the Gilbert, Arizona for $12.75 million ($117 per SF) to West Coast Capital Partners.
“Copper Point was an excellent strategic addition to West Coast Capital Partners’ portfolio. As an underperforming, yet well located and very attractive, asset, it plays ideally to West Coast’s core strength of consistently adding value through intensive management and aggressive marketing.”, said Braxton Glass, Vice President at ORION.
The property is located on the southwest corner of the Loop 202 and Val Vista Drive within minutes of Main Street Commons, Gilbert Mercy Hospital and Westcor’s San Tan Village Mall.
Copper Point Business Park was developed in 2008 with attractive architecture and quality construction. The property has excellent visibility and strong demographics with the average household income exceeding $75,000 within 1 mile of the property.
The Seller was IED Copper Pointe LLC based in Las Vegas.
Braxton Glass of ORION Investment Real Estate in Scottsdale negotiated the transaction (www.ORIONprop.com). Braxton focuses on investment sales of office and medical office properties.