Congratulations to LevRose Commercial Real Estate/TCN Worldwide in Scottsdale and Barclay Street Real Estate/TCN Worldwide in Calgary on this recently completed transaction!
Triumph Real Estate Investment Fund II, a Canadian Investment Fund associated with TCN member firm Barclay Street Real Estate, has acquired 4130 E Van Buren St. Phoenix AZ for $4,400,000. Triumph Real Estate Investment Fund was represented by Keri Davies, Jason Reddington, and Jon Rosenberg of LevRose Real Estate/TCN Worldwide in Scottsdale AZ. The Van Buren acquisition closed on June 30, 2022.
The Van Buren property is composed of 31,475 SF with a lot size of 60,140 SF including 109 parking stalls. The property at the time of closing was over 83% occupied and was purchased at a significant discount to replacement cost, which provides Triumph with a significant value-add opportunity. Learn more here.