JAM Management LLC Acquires Retail Property On S. Arizona Avenue For $4.58M

The property involved in the transaction is a retail asset located at 141 South Arizona Avenue in Chandler, AZ. The sale price of the property was $4,580,000, with a total square footage of 13,250 and a price per square foot of $346. The transaction took place on July 4, 2024, between the buyer, JAM Management LLC, and the seller, Serrano Family Limited Partnership.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,580,000
• Address: 141 South Arizona Avenue
• Market: Chandler, AZ
• Buyer: JAM Management LLC
• Seller: Serrano Family Limited Partnership

Peter Sciacca from Compass represented the buyer, JAM Management LLC, while Cole Neville, Lane Neville, Matt Westra, and Whitney Heritage from NAI Global acted as the seller's representatives in this transaction. NAI Horizon facilitated the sale of Serrano's Mexican Restaurant in Downtown Chandler, Arizona, at a rate of $346 per square foot for a total of $4.58 million.