R.O.I. Properties in Phoenix recently sold a 50,088-square-foot PAD site at 1600 W. Valencia Rd. The site was previously operating as a Chevron Gas Station. The site is located on the hard corner of the Walmart-anchored Midvale Park Commercial Center. CFT Developments LLC headquartered in California acquired the site with plans to develop the site for multiple tenants, including Panda Express.
Beth Jo Zeitzer and Justin Cirell of R.O.I. Properties, along with Henry Zipf of Henry Zipf Co. in Tucson, served as broker to the seller, Trudy A. Nowak, Chapter 7 Banruptcy Trustee for In re Val Mid Associates, LLC. Peter Villaescusa of CBRE in Tucson served as the broker for CFT Developments.