Jack in the Box Across from Banner University Medical Trades at $401 per SF Article originally posted on on February 4, 2020 Phoenix, Arizona – Situated on the northeast hard corner of 13th Street and McDowell Road, the 1,835 square foot, freestanding building closed for $735,000, or $401 per square foot. Across from the project is Banner University Medical, which expanded last year with $417.9 million in upgrades. The Jack in the Box sits on an 11,317 SF land parcel which is zoned C-2. The property benefits from easy access to the I-10 and SR-51 freeways. Nick Miner, CCIM of ORION Investment Real Estate represented the Buyer, Gotham Partners, LLC. Miner said, “Seller owned this property before JIB was built in 1960. JIB was out of options to renew and had under-market rents. My client is looking forward to repositioning the property given all the recent development/expansion of Banner University Medical across the street.” The Seller was Don Wilson Living Trust, represented by Ben Farthing and Joe Campagno at CBRE. About ORION Investment Real Estate ORION Investment Real Estate (“ORION”) is a leading full-service brokerage firm based in the Western United States. With several years of continued growth and success, and more than a billion dollars in recent transactions, the ORION team provides best-in-class service to the commercial real estate community. Boasting an extensive knowledge of the market and properties, ORION uses a tailored marketing and structured approach to each client to unlock the potential of every deal. ORION is headquartered in Scottsdale, Arizona. For more information on ORION, please visit our website at www.ORIONprop.com August 17, 2022 CRE Capital Markets: What to Expect by Q4 Could There Be a CRE Upside to a Recession? How to Maintain Multifamily Investment Momentum in the Face of Rising Interest Rates Total Construction Starts Post Big Gains in July, Yet Residential Slips Here’s a Breakdown of Current Arizona Construction Market August 16, 2022 CRE Execs Proceed with Caution as Inflation, Market Uncertainty Persists Planned Surf and Water Park With Hotel, Retail Gains Momentum in Arizona City Phoenix Office Market Posts Healthy Q2 Story of a Young Man With Cancer Goes Viral Is Housing Inventory Growth Really Slowing Down?