Phoenix, Arizona – Triumph Real Estate Investment Fund, a Canadian Investment Fund based out of Calgary, Alberta, has Sold a Metro Phoenix shopping center, Triumph Bell West Ranch for $5,182,000.
Triumph Bell West Ranch, a 20,225 square foot shopping center at 16846 W. Bell Road in Surprise, AZ, was purchased in 2016 for $3,985,000. The property, which was 93.2% leased at the time of the sale, included several outstanding tenants, including Pizza Hut, Orange Theory, Musical Surprise and Mule Creek Saloon.
“We are very pleased with this disposition as it reflects great returns for our Investors,” said David Wallach, President and Founder of Triumph Real Estate Investment Fund.
“We are working with Levrose to acquire more properties in the Greater Phoenix Area that fit theTriumph Real Estate Investment Fund fundamentals. Our goal is to increase our presence in the Phoenix market as well as other states throughout the Central and Western U.S.,” Wallach said.
Jon Rosenberg, Keri Davies and Jason Reddington with Levrose Commercial Real Estate/TCN Worldwide negotiated the sale on behalf of the Triumph Fund.
“Triumph has been very active in the valley for the past several years. With Metro Phoenix continuing to be a strong market for out of state investors, Levrose has been fortunate to work with many institutional and private sellers” said Jon Rosenberg, managing partner of Levrose.
About Levrose Commercial Real Estate/TCN Worldwide
Levrose Commercial Real Estate/TCN Worldwide is a market leader in commercial real estate services in the Greater Phoenix metro area. Since 1992, Levrose has been helping clients with every aspect of leasing, buying, selling and managing Commercial properties. With some of the top professionals in the industry, Levrose Commercial Real Estate/TCN Worldwide takes a higher level of accountability for each client. Commercial Property management is handled through affiliate firm MODE Real Estate Management Services. MODE has a unique, professional approach to the management of office, retail and medical properties.
For further information visit: www.levrose.com