A Los Angeles private equity firm has acquired the Motorcycle Mechanics Institute building in north Phoenix for just under $6 million. Pacific Palisades, California-based Hyperion Fund LP bought the 41,700-square-foot building from Carefree-based 2923 DVR LLC. CBRE Group Inc. brokers Barry Gabel and Chris Marchildon represented the seller while Cassidy Turley brokers Eric Wichterman and Mike Coover advised Hyperion. The MMI building is fully leased by the Universal Technical Insitute’s Motorcyle…
Reported by bizjournals 1 day ago.
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