There are no practice games in life.
George S Patton
Jul 22, 2014, 4:31pm MST UPDATED: Jul 23, 2014, 7:21am MST
Mike Sunnucks Senior Reporter-Phoenix Business Journal
A Los Angeles private equity firm has acquired the Motorcycle Mechanics Institute building in north Phoenix for nearly $6 million.
Pacific Palisades, California-based Hyperion Fund LP bought the 41,700-square-foot building from Carefree-based 2923 DVR LLC.
CBRE Group Inc. brokers Barry Gabel andChris Marchildon represented the seller, while Cassidy Turley brokers Eric Wichterman and Mike Coover advised Hyperion.
The MMI building is fully leased by theUniversal Technical Institute’s Motorcycle Mechanics Institute. Scottsdale-based UTI has a number of vocational and mechanical training programs.
The building is off Deer Valley Road near Interstate 17.
“Deer Valley is a prime area for large corporate users like Universal Technical Institute’s Motorcycle Mechanics Institute. Investment opportunities like this are unique and sought after because the asset provides the opportunity to acquire a well-located, 100 percent triple-net leased facility with a strong-credit tenant on a long-term lease,” said CBRE’s Gabel.
Mike Sunnucks writes about politics, law, airlines, sports business and the economy.
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I go to great heights to sell or purchase your land
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WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
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Walter
Walter Unger CCIM
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a little about me and my expertise – video
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https://www.youtube.com/watch?v=PPs3kpKR4nY
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