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SOLD: Former Restaurant on Mill Avenue Trades Hands

 

TEMPE, AZ – ORION Investment Real Estate’s Nick Miner, CCIM and Andrew Harrison reports representing the seller of the former restaurant building located on well-known Mill Avenue in
Tempe, Arizona for $2,830,168.00, or $511-per-square-foot.

The former Golden Pineapple restaurant building is located just south of Downtown Tempe, which is home to Arizona State University’s main campus and Tempe Town Lake; both are major economic drivers for the Phoenix Metro area.

Nick Miner, CCIM, Senior Vice President at ORION commented, “I assisted the seller when they purchased the property as an investment opportunity in 2018. Unfortunately, the former tenant was not able to continue operations which is why we marketed the property for sale to a restaurant operator.”

Andrew Harrison, Senior Vice President at ORION commented, “This property was a great opportunity for the buyer and it included additional income from the cell towers.”

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

Seller, 2700 S Mill Avenue, LLC, was represented by Miner and Harrison of ORION Investment Real Estate.

Buyer, EQ Scott and Congress, LLC, was represented by Trent Goulette of Southwest Retail Group.

 

For more information, contact me!

 

RELATED LINKS:

Former Restaurant on Mill Avenue Trades Hands – Real Estate Daily News

More cold storage, manufacturing facilities open in Valley, plus 8 more deals to know – Phoenix Business Journal