PHOENIX-A high-net worth individual from the Netherlands has paid $20.3 million for a 95,558-square-foot office building leased to the U.S. Department of Veterans Affairs.
The buyer partnered with an Oregon-based investor to make the acquisition, according to Travis Trautvetter, a senior associate in Marcus & Millichap’s San Diego office and director of the National Office & Industrial Properties Group. He represented the seller, a Midwest-based real estate development firm. David Guido, broker of record in Arizona, also participated in the sale.
The facility, located at 3333 N. Central Avenue, was built-to-suit for the VA in 2003. The agency occupies the building on an original 20-year lease term with 13 years left, Trautvetter notes.
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