Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of a 13,400 SF retail strip center located at 10636N 71st Way in Scottsdale, Ariz. Matt Zaccardi of CPI’s Tempe Office represented the buyer in this transaction.
10636 N 71st Way – Sundown Plaza is a multi-tenant strip center formerly owned by Silverbell Plaza, LLC. The corner lot property was built in 1973, tenants include Discount Tire, Starbucks, Jack in the Box and other popular businesses. The property is located just north of Shea Blvd., and is on the west side of Scottsdale Road. Matt Zaccardi said, “The buyer, Jaylynn Properties, LLC was actively seeking investment properties like this center. Fortunately, Sundown Plaza had 100% occupancy, a solid tenant history, and was in the perfect geographic area for my client.”
The sale was valued at $1,950,000 ($145.52 per foot).