Phoenix Commercial Advisors facilitated the sale of a single-tenant Super Star Car Wash ground lease located on the southeast corner of Interstate 17 and Jomax Road in north Phoenix. The property, located on 1.11 acres at 2675 W. Jomax Road, Phoenix, Ariz., sold for $2,500,000 or $548 per square foot.
The new 4,559-square-foot building went under contract before formally hitting the market to a 1031 buyer. The Super Star Car Wash, anchored by a new Fry’s Marketplace, is part of Union Park at Norterra, a new mixed-use development by RED Development.
Chad Tiedeman and Danny Gardiner at Phoenix Commercial Advisors represented both parties in the transaction.
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.