PHOENIX—In this week's Deal-Tracker, Cassidy Turley announces the sale of a 40,427-square-foot class B flex project at 2932 W. Deer Valley Rd. in Phoenix's Deer Valley Submarket. California-based Hyperion Fund L.P. purchased the property for $5.97 million from California-based 2932 DVR LLC. Executive managing director Eric Wichterman and senior vice president Mike Coover with Cassidy Turley negotiated the transaction on behalf of the buyer, while Barry Gabel and Chris Marchildon with CBRE represented the seller. Built in 2002, the Deer Valley building on 4.01 acres is part of a three building complex incorporating the Motorcycle Mechanics Institute campus. The project is located at Deer Valley Road, one-half mile from Interstate 17 and two miles from the North Loop 101. The property is leased entirely to Universal Technical Institute, a private technical training school for auto mechanics, marine technicians and NASCAR techs. The new owners plan to hold the property and maintain the current tenancy.

-PHOENIX—The ViaWest Group announces the sale of a 34,440-square-foot, back-office building located at 4832 E. McDowell Rd. in Phoenix to the Sharp Family Revocable Trust for $5.4 million. At the time of the sale the building was 100% occupied on a long-term triple net lease to LogisticCare Solutions. ViaWest purchased the vacant building in 2007 and subsequently signed multiple leases ultimately bringing the building to 100% occupancy. Logisticare initially took 19,000 square feet in 2007 before expanding into 28,000 square feet in 2010. Earlier this year, Logisticare's continued growth resulted in an expansion into the entire building on a long-term lease. Originally built in 1983, the single story back-office building is located near 48^th Street and McDowell Road just two miles north of Sky Harbor International Airport near the terminus of 143 Hohokam Expressway which provides direct access to five major freeways. Andy Bogardus, Steve Lindley, Bob Buckley and Tracy Cartledge with Cassidy Turley's capital markets group represented the seller, VWP McDowell, LLC (ViaWest Group), and Erik Marsh and Goodall “Hook” McCullough with Newmark Grubb Knight Frank represented the buyer.