Allard Developments Acquires Retail Property In Phoenix, AZ For $41.6M

3131 East Indian School Road, a retail property located in Phoenix, AZ, has been sold in a recent transaction. The property, totaling 154,436 square feet, was sold for a price of $41,600,000, resulting in a price per square foot of $269. The transaction took place on 12/14/2021.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $41,600,000
• Buyer: Allard Developments
• Seller: DeRito Partners & Van Tuyl Cos.
• Brokers: Michael Hackett & Ryan Schubert - Cushman & Wakefield

The buyer in this transaction was Allard Developments, while the sellers were DeRito Partners & Van Tuyl Cos. The deal was facilitated by brokers Michael Hackett and Ryan Schubert of Cushman & Wakefield.