Washington Family Investment Firm Acquires Lindsay Square Retail Center In Gilbert For $13M
2315 South Lindsay Road
$13,000,000
$278/SF
Building Size
46,728 SF
Asset Type
Retail
Closing
Oct 9, 2025
About this deal
AI
This retail asset is located at 2315 South Lindsay Road in Gilbert, AZ. The shopping center, known as Lindsay Square, encompasses 46,728 square feet and was sold for $13,000,000, making the price per square foot $278. The property is anchored by service retailers and restaurants.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,000,000
- Address: 2315 South Lindsay Road
- Market: Gilbert, AZ
- Square Footage: 46,728
- Price Per Square Foot: $278
The transaction was brokered by Kidder Mathews, with Jenette Bennett and Michelle Gardner representing the buyer, a family investment firm based in Washington.
Players
Gilbert Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93