An attorney recently bought a midtown Phoenix two-story office building for $6.8 million, making it one of the larger recent owner/user office acquisitions in midtown Phoenix.
Maryam Parman of Avrek Law bought the property from LevRose CRE. It is located at the intersection of 7th Street and Osborn Road, which sits across from the Phoenix Country Club and has convenient access to State Route 51, Interstate 10 and the Loop 202.
“While the office market has faced challenges over the last several years, quality assets in exceptional locations continue to attract strong buyer interest,” Jason Reddington, a partner at LevRose, said in a news release. “This sale, which generated multiple offers, demonstrates that well-positioned office properties offering a combination of occupancy flexibility and stable in-place income remain highly desirable…