Colliers International sells school campus in Peoria, Arizona for $6.8 Million

Charter School Solutions Sonoran, LLC, purchases school campus

Phoenix, February 28, 2017 – Todd Noel, executive vice president with Colliers International in Greater Phoenix, negotiated the $6.8 million sale of a school campus in Peoria, Arizona. California-based Charter School Solutions Sonoran, LLC, acquired the campus from Fenway Properties of San Diego, California.

The property at 17667 N. 91st Avenue in Peoria is home to Sonoran Science Academy, which has leased the property since 2014

“This is yet another sale further validating educational based real estate as a defined institutional asset class,” said Noel. “The response from prospective buyers continues to be strong as they look to diversify and enhance yield spread.”
The 30,604-square-foot school campus was built in 2005. The campus includes 16 classrooms, high-end administrative offices, a large multi-purpose room and multiple basketball courts.The sale equated to a price of $222.19 per square foot.

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Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

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Colliers International in Greater Phoenix has served clients locally and globally for more than 35 years.