Tempe Retail Trades at High Price per SF of $511 Article originally posted on HERE on April 11, 2019 TEMPE, ARIZONA – Situated on the northeast corner of McClintock Drive and Apache Boulevard, the 1,400-square-foot, freestanding building closed for $715,000, or $511 per square-foot. 1800 East Apache Boulevard sits on approximately 0.39 acres of land and there is redevelopment potential using the existing CSS zoning. Sitting adjacent to a light rail stop makes for easy transportation to and from Tempe Marketplace, Arizona State University’s Campus, and other Tempe amenities. The site is approximately one mile from Loop 101 and Loop 202 freeways. Nick Miner, CCIM of ORION Investment Real Estate exclusively represented the Seller, Irving O Kozinets and Esther S Kozinets Revocable Trust. Miner said, “This property was vacant at time of sale. The buyer was able to secure a tenant during the due diligence period that could utilize the existing property. During the marketing timeline there were several interested parties, but the key issue was the fact that all parties were wanting to have a drive-thru.” The Buyer, Western American Investments, LLC, was self-represented. March 31, 2020 As April Rents Loom, Phoenix Real Estate Leaders Grapple with Potential Losses How Innovation Zone Could be an East Valley Game-changer Do Recent Interest Rates Cuts Portend a Refi Windfall? Maybe Not Walmart and Publix, Landlords as Well as Grocers, Waive Rent to Businesses Hit by Coronavirus Arizona Banks Agree to Ease Foreclosures and Evictions, Provide Relief to Borrowers and Small Businesses March 30, 2020 Increased Demand for Warehouse Space and Labor Created by COVID-19 Could be a Long-Term Trend Why the Pandemic Won’t Derail Growth in Phoenix Construction Leaders Stress That Work Should Go On Despite Pandemic Here are 6 Projects to Watch in the Valley How Will Coronavirus Affect Global CRE Deal Volume?