Prime Vacant Freestanding Retail Building Sold for $287/SF Article originally posted on HERE on June 28, 2021 TEMPE, ARIZONA – 2010 South Rural Road, formerly Dominic’s 2-Wheeler, sold today for $1,395,000 or $287 per square foot. Nick Miner of ORION Investment Real Estate represented the Seller DBM Wheelers, LLC, the former owner/operator of the building. The Buyer, 1216 Avenida Chelsea, LLC, was represented by Lucinda Bliss of ORION Investment Real Estate. The 4,860 square foot free-standing retail/commercial building at the major arterial intersection of Rural and Broadway Roads just south of Arizona State University. The Buyer purchased the building as an investment, and ORION Investment Real Estate’s Lucinda Bliss will be working to lease the project now that its changed hands. The highly visible, walkable location is ideal for the future tenant. The site also benefits from prominent monument and building signage, on the “going to work” side of the street. Nick Miner, CCIM commented on the transaction, “Part of the seller’s motivation was to retire and close down the business. This is the second property I have sold for the seller. – Miner said. We had multiple interested parties but decided to go with the current buyer because they were all cash and a short due diligence period.” May 25, 2022 Ranking Arizona: Top 10 Brokerage Firms for 2022 Chicago Multifamily Investor To Build Its First Development in Greater Phoenix US Retail Winners, Losers Start To Emerge Under High Inflation Massive 200- Acre Mixed-Use Project Proposed Near Valley Entertainment District Multifamily Price Appreciation Outpaces Rent Growth, Analysis Shows May 24, 2022 Here’s how West Valley Healthcare Development is Booming ‘We’re At The Precipice’: Why This Business Group is Taking on NIMBYism in Metro Phoenix Multifamily’s Dry Powder Is At A Record High West Valley City Approves Expanding Foreign Trade Zone Site in Industrial Corridor Redevelopment Plans Unveiled for Iconic Midtown Phoenix Office Complex