nick@nickminer.com  480-612-0384

SOLD: Retail PAD building in The Boulevard at Surprise Pointe

 

SURPRISE, AZ – ORION Investment Real Estate’s Nick Miner, CCIM reports facilitating a client in the acquisition of a multi-tenant retail PAD building at the southeast corner of Litchfield Road and Waddell Road for $2,400,000, or $300-per-square-foot. The retail PAD is part of the Boulevard at Surprise Pointe commercial retail development.

The 8,009-square-foot site within the Boulevard at Surprise Pointe was developed in 2009 and sits on 3.175 acres. The retail PAD is situated parallel from a planned 3,000 homes, and adjacent ESI Venture’s 154-acre mixed-use business park. The Boulevard at Surprise Pointe covers 290 acres and over 200,000-square-feet of retail properties in the Heart of Surprise, Arizona. The project is anchored by AMC Theatres, Uptown Alley, and Walgreens, and includes Dutch Bros, Cold Stone Creamery, Tap House Sports Grill, Tropical Smoothie Café, Quick Quack Car Wash, and more.

Nick Miner, CCIM, Senior Vice President at ORION commented, “This is a great property for my client that plans to occupy and run his business at this location.” Miner continued, “To find an existing building that matched my client’s criteria in this trade area, we were in the right place at the right time.”

The building was formerly occupied by a tenant that closed abruptly and the Seller wanted to sell the building quickly.

Buyer, Fox Properties Surprise, LLC, was represented by Miner of ORION Investment Real Estate.

Seller, Parkview Realty Investments, LLC, was represented by Paul Blum of West USA

For more information, contact me!

 

RELATED LINKS:

Multi-tenant Retail PAD Trades in the Boulevard at Surprise Pointe – The Real Estate Daily

Miner facilitates acquisition of retail PAD building in Surprise – Rose Law Group

ORION Investment Arranges Acquisition of Multi-Tenant Retail Pad in Surprise, Arizona – RE Business Online

ORION Investment Arranges Acquisition of Multi-Tenant Retail Pad in Surprise, Arizona – ORIONprop.com