SCOTTSDALE – ORION Investment Real Estate is proud to announce the sale of the freestanding Arby’s at 2110 North Arizona Avenue in Chandler for $1,350,000 ($409/SF). Built in 1987 and renovated in 2008, totaling 3,300 square feet, the property is fully occupied by Arby’s. The property is just north of Warner on Arizona Avenue with great visibility. Other tenants in the immediate area include Dunkin’ Donuts, Quick Trip, PGA Golf Tour, and AMF Bowling.
Nick Miner, CCIM, Senior Vice President and Derek Buescher, Vice President at ORION Investment Real Estate, represented the Seller in this transaction. Nick Miner says, “The seller purchased the former East Valley Mall a couple years ago to redevelop/re-position. Part of the plan was to sell off the smaller properties that were already under long term leases. This is one of the properties. Our marketing efforts produced multiple offers before selecting this Buyer, who was in a 1031 Exchange.”
The building was purchased by Orwell, LLC. The Seller was Easy Valley Partners, LLC.
Property:
2110 North Arizona Avenue
Chandler, Arizona 85224
3,300 SF
Built in 1987
Renovated 2008
Related Links:
Arby’s sold for $1.35M in fast-growing area of Phoenix metro – Phoenix Business Journal
Orion Negotiates Chandler Arby’s for $1.35 Million – Real Estate Daily News