Tempe Office Bldg. Snags $2.7M
Investor Acquires 20,430-SF Property
The office building at 1204 E. Baseline Road sold for $2.7 million or $132 per square foot in a transaction between two private investors. The property sold at a 5.2% cap rate.
Constructed in 1982, the two-story, 20,430-square-foot office property is in Maricopa County.
Eric Wichterman with Grubb & Ellis|BRE Commercial, LLC represented the seller. Matt Schrauth with Omni American, LLC represented the buyer.