Commercial Properties Inc. in on Sale of a 13,400 Sf Retail Center In Scottsdale

10636 N 71st WayCommercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announces the sale of a 13,400 SF retail strip center located at 10636 N. 71st Way in Scottsdale. Matt Zaccardi of CPI’s Tempe Office represented the buyer in this transaction.

Sundown Plaza, 10636 N. 71st Way, 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. It is located just north of Shea Boulevard, on the west side of Scottsdale Road.

Zaccardi says, “The buyer, Jaylynn Properties, LLC was actively seeking investment properties like this center. Fortunately, Sundown Plaza had 100 percent occupancy, a solid tenant history, and was in the perfect geographic area for my client.”

The sale was valued at $1,95 million ($145.52 per foot).

 

Contact Matt Zaccardi for additional information at mzaccardi@cpiaz.com, 480-966-7625.MZaccardi_Package

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