PHOENIX—Cassidy Turley announced they succssfully sold North Mountain Professional Plaza, a 9,850-square-foot multi-tenant office project at 1850 E. Thunderbird Rd. in Phoenix.

LDP Associates of Phoenix purchased the property for $1.3 million from North Mountain Professional Plaza, LLC. Executive managing director Eric Wichterman, and senior vice presidents Mike Coover and Andy Cloud with Cassidy Turley negotiated the transaction on behalf of the seller.

According to Eric Wichterman, “North Mountain Professional Plaza was an excellent opportunity for an owner/user buyer to purchase a highly attractive office building with excess land.”

Built in 2001, North Mountain Professional Plaza is a single-story building designed to accommodate one or two tenants. The building has fronts on Thunderbird Road, just two miles west of SR-51.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.