Union Hills North, located at 8280 W. Union Hills Drive in Glendale, just sold for an undisclosed amount to Cave Creek Capital Partners of Scottsdale. The 11,878 square foot retail center is a multi-tenant property that boasts excellent curb appeal and visibility along Union Hills Drive with over 300 feet of frontage and located directly west of the Loop 101.
The property is fully leased to four tenants, the largest being Arrowhead Grill, a chef-owned steak and seafood restaurant that offers private and outdoor dining and a full bar. The center is also home to New York Pizza Dept., a popular local chain that has 10 locations in the Valley. Union Hills North benefits from several large retailers located nearby, including Walmart, Sam’s Club, and LA Fitness, bringing the average vehicles per day to over 30,000 along Union Hills Dr. The property is also located just a mile from Arrowhead Towne Center, the Northwest Valley’s premier shopping venue with over 170 top retailers.
The seller was represented by Barbara Lloyd and Lane Neville with NAI Horizon’s Investment Services Group. Union Hills North was broadly marketed nationwide and the sale was held in a competitive bid format and generated multiple qualified offers. The competitive sale strategy has proven successful over the past two years for NAI Horizon’s Investment Services Group, becoming a trademark approach for the team. Since 2012, the NAI sales team has sold over $120M in investment, CMBS and REO properties represented over 20 transactions.
The NAI Horizon Investment Services Group has seen the need for aggressive and targeted marketing for these types of properties, and has been able to provide value added results for their clients in every assignment they have pursued through this competitive bid process. This differentiating sales process maintains control for our sellers by creating a specific timeline for disposition of the property while the competitive nature of the process yields the highest sale value results. For more information regarding this sale and NAI Horizon’s Investment Services Group, contact Barbara Lloyd and Lane Neville at 602-955-4000.