Midtown Phoenix Office Property Trades for $5.3 Million

PHOENIX, December 18, 2019 – On behalf of Phoenix-based Accelerated Capital Growth LLC, Eric Wichterman and Mike Coover of Cushman & Wakefield have closed the sale of 702 E. Osborn Road in Phoenix. Phoenix-based Boubek Family Trust purchased the property for $5.3 million.

The 35,308-square-foot office property is prominently situated on the northeast corner of 7th Street and Osborn Road in the Midtown submarket of Central Phoenix. Constructed in 1984, the two-story building features secured underground parking, a rare amenity for a building of its size. The majority of the building is currently occupied by a prominent law firm moving to a new location, at which time the buyer will renovate and occupy a large portion.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

2019-12-19T15:36:31-07:00December 19th, 2019|