Biltmore RE Acquires Office Building in Phoenix for $3.1M
PHOENIX — Biltmore RE, a net-leased investment group, has purchased an office building located at 2701 E. Camelback Road in Phoenix, for $3.1 million.
The sale was an absolute triple-net leaseback to the seller, Arciterra Cos., a real estate investment and development company. The property features 8,501 square feet of Class A office space.
Jenette Bennett of Kidder Mathews represented the buyer in the transaction.