Phoenix Commercial Advisors facilitated the sale of Laveen Commons. The property, located on 12.13 acres on the northwest corner of 35th Avenue and Baseline Road in Phoenix, sold for $20,500,000 or $201 per square foot.
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The four buildings, totaling 102,083 square feet, were 100 percent leased to a mix of national and local tenants, including national anchors Big Lots!, Big 5 Sporting Goods, Ace Hardware and 99 Cents Only Stores. John Schweikert and Chad Tiedeman at Phoenix Commercial Advisors represented the seller in the transaction.
“There are many factors that make Laveen Commons attractive to investors—below market rents, compounding income growth, a good tenant lineup and a high-growth location to name a few,” John Schweikert says. “We are happy to have been a part of the sale.”
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.
