Glendale Shopping Center Sold for $8.7M to 1031 Exchange Buyer

North Canyon Ranch, a 70,428 SF, Goodwill-anchored, retail plaza at 3830 W. Pinnacle Peak Rd., Glendale sold for $8,700,000. Price per foot was calculated at $123.00.

North Canyon Ranch
Lee & Associates Principals Pat Dempsey and Jan Fincham represented the seller PLC Pinnacle Peak, LLC, Vista, CA.

The team also secured the 1031 Exchange buyer, First Ave/Wetmore Offi ce Plaza, LLC, Tucson who obtained new fi nancing. The transaction closed on June 10.
Built in 1996, the multi-tenant North Canyon Ranch sits on over 5 acres at the corner of Pinnacle Peak Rd. and 39th Dr. The shopping center is close to the popular Wet ‘N Wild Phoenix water park and convenient to Interstate 17.

Leave a Reply

Your email address will not be published. Required fields are marked *

fourteen + 14 =