Phoenix Commercial Advisors facilitated the sale of SanTan Gateway South, a grocery-anchored center in Chandler, Ariz. The property, located on 6.84 acres on the southeast corner of Arizona Avenue and Loop 202 Freeway in Chandler, Ariz., sold for a total of $16,725,000 or $294 per square foot.
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The 56,852-square-foot center was 100 percent leased with a mix of internet-resistant tenants, including Starbucks, Patel Brothers, Bright Now! Dental and Orthodontics, Bethel Church and more. John Schweikert, Danny Gardiner and Chad Tiedeman at Phoenix Commercial Advisors represented the seller in the transaction.
“We received significant activity on this deal, which reflects the strength of the investment. The property included Patel Brothers grocer, Bright Now! Dental and a drive-thru Starbucks and is located at a strong retail intersection, attracting traffic to the center. It’s also just off the Loop 202 freeway, just south of trendy downtown Chandler.” – John Schweikert
Formed in 1994, Phoenix Commercial Advisors is a commercial real estate services company. The company specializes in retail commercial brokerage in Phoenix, Tucson, and surrounding Arizona communities, providing leasing services, tenant and landlord representation, investment sales and redevelopment services to local and national retailers and property investors. Offering the expertise of 250 combined years of experience, Phoenix Commercial Advisors is also member of ChainLinks Retail Advisors, the premier national retail platform connecting elite brokerage companies across the top 50 North American markets.
