PHOENIX – ORION Investment Real Estate is proud to announce the sale of the three-tenant retail center for $1,500,000 ($159/SF). Sunrise Plaza, anchored by Sunrise Preschool and IntelliSchool, was 100% occupied at close of escrow. The sale included Alyeshmeni Chiropractic, IntelliSchool, and CrossFit BCR. The sale did not include Sunrise Preschool, the anchor tenant for the property, which occupies the western-most portion of the project.
Nick Miner, CCIM, Senior Vice President at ORION Investment Real Estate, represented the Seller in this transaction. Miner said, “Both Buyer and Seller were able to achieve their goals. Buyer receives a great property with a stable, good mix of tenants, and Seller is able to redeploy working capital into other projects.”
The Seller in this transaction was GRRO III LLC, represented by Nick Miner, CCIM and J.T. Taylor at ORION. The Buyer, Seven Hills Phoenix LLC, was represented by Sean Thomas at SRS.
Sunrise Plaza
1427 East Bell Road
Phoenix, Arizona 85022
± 9,447 SF
Built in 2007
Related Links:
Sunrise Plaza Sells at Full Occupancy – Real Estate Daily News