Paradise Valley investor purchases $1.5M building

SVN Desert Commercial Advisors recently closed a $1.5 million deal on a mixed-use building renovation off Third Street and Garfield, in downtown Phoenix. The property, Combine Studios, includes upscale studio apartments, space for Arizona State University’s Arts Residency Program, and a quaint Airbnb component, according to a press release Property owners, Matt Moore and Carrie Marill acquired the property back in 2011 and spent the new few years converting the building into this mixed-use property in downtown Phoenix.