Retail Pad Building at Higley Marketplace Sells in Gilbert

ORION Investment Real Estate is proud to announce the sale of Higley Marketplace for $2,150,000 ($286.67/SF).

Higley Photo

The 7,500 square foot, freestanding medical building was constructed in 2007, and has excellent visibility and signage along Higley Road. The building is located near Banner Gateway Medical Center, a new Marriott, and several retail forces.

 

The current tenant occupying the space is Woolf EyeCare; the fully built-out Urgent Care space was available at close of escrow.

 

Derek Buescher, Vice President at ORION Investment Real Estate, said, “This property is a well-located center in Gilbert, with close proximity to Banner Gateway Hospital. The property was 32% occupied at close of escrow. The vacant space was a built-out Urgent Care. The Buyer has a tenant in tow to go into the Urgent Care space.”

 

The Seller was Higley Sterling Properties, LLC and the Buyer was The Kobold Group, LLC, based out of Arizona.

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