Vestis Group Brokers Sale Of Midtown Phoenix Office Building

By Natan Jacobs | Vestis Group

(Phoenix – November 27, 2013) – Vestis Group is pleased to announce that Principals Natan Jacobs and Les Litwin have completed the sale of The Doyle Building, a 2,100 square feet, single-level, mid-century modern office building designed by award-winning architect Gerald A. Doyle, located in Midtown Phoenix, for $260,000 / $123.81 per square foot.

Sid A. Rosen of Phoenix, Arizona sold the Doyle Building, located at 4331 N 120th Street, in Midtown Phoenix to a private investment group from Arizona for $260,000. Natan Jacobs and Les Litwin with Vestis Group in Phoenix represented the Buyer in the sale of this Phoenix office building. Scott Fey with Omni American, LLC in Phoenix represented the Seller.

The Doyle Building is a 2,100 square feet, single-level, mid-century modern office building designed by award-winning architect Gerald A. Doyle, located in midtown Phoenix. Built in 1973, The Doyle Building has a flat roof and combination frame/stucco and exposed steel beam construction, freestanding office building. The unit mix is comprised of 3 separate but interconnected suites, including 2 suites of approximately 500 square feet and 1 suite of approximately 1,100 square feet.

The Doyle Building is located in Midtown Phoenix, just minutes from the “Golden Corner” of 24th Street & Camelback, Camelback Corridor, Downtown Phoenix, Sky Harbor International Airport and numerous Valley hotspots, including: Postino WineCafe, Oregano’s, St. Francis, Windsor, Little Cleo’s at The Yard, Culinary Dropout at The Yard, Taco Guild and Starbucks at Old School 07. The property is located in Midtown Phoenix one half mile south of Camelback Road along 12th Street allowing easy access to Biltmore Fashion Park, the Camelback Corridor, the valley freeway system and numerous employers.

About Vestis Group

Vestis Group is the broker of choice for individuals and institutions investing in multifamily residential and commercial real estate throughout Metropolitan Phoenix. Our advisors assist clients in the acquisition and disposition of multifamily investment and retail investment assets, including, apartments, bulk condo packages, duplex/triplex/fourplex properties, single-family rental portfolios (SFR Portfolios), income producing single-family investment properties, neighborhood strip centers, retail power centers, retail strip centers, neighborhood grocery, retail PAD and retail shopping centers. In the field of housing, Vestis Group’s principals have developed, built, rehabilitated, constructed, improved, managed, and sold thousands of apartments units, condos, single-family homes and home sites.

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