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VA Building Trades for $20M

PHOENIX-A Netherlands-based investor buys a 95,558-square-foot office building leased to the U.S. Department of Veterans Affairs.

By Jennifer Duell Popovec | Updated on October 14, 2010

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.

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