Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of the former Bayless Shopping Center.
The property is located at 3345 N 19th Avenue on the southeast corner of 19th Avenue and Osborn Road in Phoenix.
Tom Semancik, of CPI’s Investment Specialist Team commented on the transaction, “The ±30,300 square foot retail center was built in 1950 and owned by the Bayless Investment and Trading Company for many years. The buyer, CVP-19th & Osborn, LLC, intends to renovate the center.”
According to the Arizona Historical Society, the A.J. Bayless Company was once the largest grocer in Arizona. In fact, right around 1962 they had 45 stores across the Valley.
Tom Semancik represented the seller, The Ireland Family Trust, in this transaction.
CVP-19th & Osborn, LLC purchased the property for the cash price of $1.74 million ($57 psf).