CBRE has completed the sale of West Star Plaza, a ±9,300 square foot retail building located at 4131 N. 83rd Ave. in Phoenix, Ariz. The asset commanded a sale price of $725,000. The property was fully leased at time of sale.
Jesse Goldsmith and Steve Julius with CBRE’s Phoenix office represented the seller, Robert J. Tufts, trustee of the Robert J. Tufts Revocable Living Trust of Salem, Oregon. The buyer, Phoenix-based Arhtom Investments LLC, was represented by Paul Blum of Patriot Commercial Properties.
The fully occupied West Star Plaza features a tenant roll that includes a mix of local tenants as well as a corporate Little Caesar’s Pizza and DolEx Money Transfer. Located in West Phoenix, West Star Plaza benefits from a mix of residential, shopping and entertainment options within minutes of the property, including Desert Sky Mall and Ak-Chin Pavilion.