Tempe, AZ, February 26, 2019 --(PR.com
)-- Menlo Group Commercial Real Estate has successfully negotiated the
sale of 7.8 acres of land for $3,600,000. The property is located at 1810 S. Crismon Rd., Mesa, Ariz. between the US-60 and Baseline Rd.
Menlo Group President Tanner Milne and Vice President Steve Berghoff represented the seller, Utah-based West of 3rd, LLC, throughout the transaction.
“Seeing this deal close was incredibly rewarding,” Berghoff said. “We appreciate West of 3rd allowing us to be a part of their team. Throughout the entire transaction, they were great to work with.”
The buyer, Overland Development Corporation, plans to use the land to develop a senior housing facility. The space is located within the Odyssey Medical & Professional Center and near the Mountain Vista Medical Center.
“This land is a great investment, and its development will be a great asset to the City of Mesa,” Milne said. “One of the best parts of our job is to watch our communities grow and flourish.”
About Menlo Group
Menlo Group Commercial Real Estate is a full-service commercial real estate brokerage based in Tempe, Ariz. Since 2008, the company has helped many of the Valley’s top dentists, doctors and business professionals lease or sell their properties. Menlo Group’s unique processes guide landlords and sellers throughout the transaction and help them find success. To learn more about Menlo Group’s landlord and seller representation team, visit www.menlocre.com.