{"id":1004174929,"date":"2017-05-04T04:31:08","date_gmt":"2017-05-04T12:31:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004174929"},"modified":"2020-04-08T01:31:52","modified_gmt":"2020-04-08T09:31:52","slug":"ngkf-arranges-10m-scottsdale-office-park-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ngkf-arranges-10m-scottsdale-office-park-sale\/","title":{"rendered":"NGKF Arranges $10M Scottsdale Office Park Sale"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004174947\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Turnstone-Office-Park-in-Scottsdale-Arizona.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004174947\" data-attachment-id=\"1004174947\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ngkf-arranges-10m-scottsdale-office-park-sale\/turnstone-office-park-in-scottsdale-arizona\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Turnstone-Office-Park-in-Scottsdale-Arizona.jpg\" data-orig-size=\"640,512\" 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;0&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=\"Turnstone Office Park in Scottsdale, Arizona\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Turnstone Office Park in Scottsdale, Arizona&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Turnstone-Office-Park-in-Scottsdale-Arizona.jpg?w=640\" class=\"wp-image-1004174947 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Turnstone-Office-Park-in-Scottsdale-Arizona.jpg\" alt=\"Turnstone Office Park in Scottsdale, Arizona\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Turnstone-Office-Park-in-Scottsdale-Arizona.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Turnstone-Office-Park-in-Scottsdale-Arizona.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004174947\" class=\"wp-caption-text\">Turnstone Office Park in Scottsdale, Arizona<\/p><\/div>\n<p>NGKF has brokered the sale of Turnstone Office Park in Scottsdale, Ariz., for $10 million.\u00a0Turnstone Office Park LP sold the 64,949-square-foot, four-building property to private investors. NGKF Capital Markets&#8217; Erik Marsh, managing director, and Nicole Iglehart, associate, represented both parties in the transaction.<\/p>\n<p>Located at 17797 North Perimeter Drive, the Class B asset offers easy access to Prima Freeway. According to data collected by <a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"nofollow\">Yardi Matrix<\/a>, tenants at\u00a0Turnstone Office Park include the\u00a0Federal Aviation Administration,\u00a0LA Dezign and\u00a0Medical Billing Group West.\u00a0The property features more than 250 parking spaces.<\/p>\n<p><em>&#8220;At 65,000 square feet, it was too small to garner institutional interest, so our marketing efforts were primarily focused on private capital investors. The buyers saw upside potential of the asset, coupled with a steady cash flow,&#8221;<\/em>\u00a0Marsh said in a prepared statement.<\/p>\n<p>Earlier this year, <a href=\"https:\/\/www.commercialsearch.com\/news\/ngkf-closes-79m-sale-of-empire-towers-i-iv\/\">NGKF<\/a> Capital Markets completed the sale of Empire Towers I-IV, a four-building office campus in Ontario, Calif.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Managing Director Erik Marsh and Associate Nicole Iglehart represented both parties in the disposition of the nearly 65,000-square-foot Turnstone Office Park.<\/p>\n","protected":false},"author":753,"featured_media":1004174947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21747,1601,15],"tags":[32845],"class_list":["post-1004174929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-office","category-phoenix","category-west","tag-ngkf"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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