{"id":1004169731,"date":"2017-03-20T08:54:45","date_gmt":"2017-03-20T16:54:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004169731"},"modified":"2022-12-08T02:51:27","modified_gmt":"2022-12-08T10:51:27","slug":"orion-scoops-up-phoenix-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/orion-scoops-up-phoenix-office-building\/","title":{"rendered":"ORION Scoops Up Phoenix Office Building"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004169732\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/indian_school_04-002.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004169732\" data-attachment-id=\"1004169732\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/orion-scoops-up-phoenix-office-building\/indian_school_04-002\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/indian_school_04-002.jpg\" data-orig-size=\"1280,855\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1476286033&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"indian_school_04 (002)\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/indian_school_04-002.jpg?w=1024\" class=\"wp-image-1004169732 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/indian_school_04-002.jpg\" alt=\"The Indian School Plaza in Phoenix \" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/indian_school_04-002.jpg 1280w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/indian_school_04-002.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/indian_school_04-002.jpg?resize=768,513 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/indian_school_04-002.jpg?resize=1024,684 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004169732\" class=\"wp-caption-text\">The Indian School Plaza in Phoenix<\/p><\/div>\n<p><strong>Phoenix<\/strong>\u2014Scottsdale-based ORION Investment Real Estate has announced the $2 million sale of Indian School Plaza, a 65,000-square-foot office building in Phoenix. The brokerage firm represented the seller, Arizona-Cal Note Investments 4.5 LLC, while West USA Realty represented the buyer, 3001 W Indian School LLC. This was an all-cash transaction.<\/p>\n<p>Located near the corner of 31st Avenue and Indian School Road, the Indian School Plaza is immediately adjacent to Interstate 17 and less than 1 mile from Grand Canyon University. The property is below replacement cost, with an open air atrium design. At the time of the deal, the building was 92 percent occupied.<\/p>\n<p>&#8220;The buyer has plans for extensive capital improvements to the property to further enhance his investment, and the seller sold this property because they were able to achieve their desired return and focus on their other projects,\u201d said ORION Senior Vice President Nick Miner and Associate J.T. Taylor, in a prepared statement.<\/p>\n<p>The 1972-built office building has a traffic count of more than 52,000 vehicles per day, with a population density of 508,000 within a five mile radius in 2015.<\/p>\n<p><em>Image courtesy of ORION <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>3001 W Indian School LLC paid $2 million to acquire Indian School Plaza, which dates back to 1972.<\/p>\n","protected":false},"author":238,"featured_media":1004169732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1601,15],"tags":[34473,34367],"class_list":["post-1004169731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-phoenix","category-west","tag-grand-canyon-university","tag-orion-real-estate-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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