George Oliver Cos. and Ascentris buy another Scottsdale building, former Wells Fargo Bank in Old Town for $8M ($489.90psf)

6/21/2024

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Phoenix Business Journal

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• Subcategory: Office: Urban

• Tag: Conversion | JV-Partnership | Renovation | Sale

• Additional Filters-Subcategory: Office: Garden, Retail: Bar-Pub, Retail: Restaurant (Dine-In)

• Additional Filters-Tags: Conversion: Office-to-Retail, Sale: Investment, Sale: Single Property

George Oliver and Ascentris purchased the two-story, 16,330-square-foot building directly from Wells Fargo, which closed the branch in April 2023, according to the Office of the Comptroller of the Currency. The building was built on less than 1 acre in 1984 and renovated in 2000, according to Vizzda.