Dornin Investment Group Sells Two Flex Office Buildings in Arizona for $24M

by Amy Works

TEMPE, ARIZ. — Dornin Investment Group (DIG) has completed the sale of two multi-tenant flex office buildings located at 1711 W. Greentree Drive and 8945 S. Harl Ave. in Tempe. A Texas-based private investment company purchased the two-building portfolio for $24 million, or $170 per square foot.

Totaling 141,336 square feet, the buildings are located within Agave Business and Corporate Center. At the time of sale, the asset was stabilized at a combined occupancy of more than 97 percent.

Eric Wichterman and Mike Coover of Cushman & Wakefield represented the seller in the transaction.

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