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SOLD: Fry’s (Kroger) PAD Building | Owner – User | Gilbert, AZ

Gilbert Fiesta II Pad
207 E Williams Field Rd
Gilbert, Arizona 85295
Year Built: 2006
6,065 SF

ORION Closes Retail PAD to Owner-User
June 15, 2018 | Gilbert, AZ

GILBERT – ORION Investment Real Estate is pleased to announce the sale of Gilbert Fiesta II Pad building for $1,165,000 ($192/SF). The Pad is located in a Fry’s anchored center with high barriers to entry. Situated just north of the Loop 202 freeway, the property is within proximity to multiple new developments of retail, office, automotive, education, and residential. Multiple dominant retail centers including Macerich’s San Tan Village and Vestar’s Crossroads Towne Center are within a few miles of the site.

“This was the second half of the property we sold for the Seller recently. The first part was the Shops behind the property. This property was sold to an owner/user who will be opening a Dogtopia as part of their continued expansion in the valley,” noted Nick Miner, CCIM of ORION Investment Real Estate. The building was 100% vacant at close of escrow.

The Seller, Gilbert Fiesta II Lots 2 & 3, LLC – Fountainhead Equity, LLC, was exclusively represented by ORION. The Buyer was locally-based Future Holdings, LLC – Dogtopia, represented by Courtney Auther at PCA.

 

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