Phoenix – June 3, 2016 – CBRE has completed the sale of a single-tenant Del Taco located at 4115 West Anthem Way in Phoenix, Ariz. The 2,160-square-foot retail property is situated on approximately 36,782 square feet of land and commanded a sale price of $2,.08, or $963 per square foot.
Joseph R. Compagno and Andrew K. Fosberg with CBRE’s Phoenix office represented the seller, Desert Orchid Investments, LLC, of Irvine, Calif. The buyer, JBJ, LLC, was represented by Alan Fruitman of 1031tax.com.
“We generated nine offers for the seller,” said Compagno. “We selected an all cash buyer from New York that closed the escrow in 25 days.”
The property is strategically located at the southwest corner of West Anthem Way and the I-17 freeway in Anthem, a Del Webb master-planned community. It is directly across from the Outlets at Anthem, which brings over 3 million visitors to the area per year.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
