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Colorado Investors Acquire 19,678 SF for $2.8M

PHOENIX-After one week on the market, Mayaler Inc. of Aspen, Colo. grabs Tatum Professional Plaza, a strategically located, 93%-occupied medical office building with an all cash bid.

By Bev Ford | Updated on November 21, 2002

PHOENIX-A $2.8 million all cash bid has bought a Colorado firm a 19,678 sf medical plaza strategically located near Paradise Valley Hospital that is 93% occupied.

The Tatum Professional Plaza, a 1984 single story brick office complex at 14640 N. Tatum Boulevard, was sold to Mayaler, Inc. of Aspen, CO, just one week after going on the market, Steve Gonzalez with Marcus & Millichap tells GlobeSt.com. Gonzalez says the all cash deal was a 1031 exchange for the buyer. Jamie Medress, of Marcus & Millichap, assisted Gonzalez in the transaction.

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