Phoenix Commercial Advisors Represents Sale Of Chandler Sunset Plaza For $25.975 Million

The property involved in the transaction is a retail asset located at 4950 West Ray Road and 4980 West Ray Road in Chandler, AZ, encompassing 13.3 acres. The shopping center, known as Chandler Sunset Plaza, features a total area of 107,320 square feet, primarily anchored by entertainment and fitness tenants. The sale was concluded for a price of $25,975,000, translating to $242 per square foot, with 95% of its space leased to a mix of national and local tenants.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,975,000
• Address: 4950 West Ray Road & 4980 West Ray Road
• Market: Chandler, AZ
• Acres: 13.3
• Leased Space: 95%
• Total Square Footage: 107,320
• Brokers: John Schweikert & Chad Tiedeman - Phoenix Commercial Advisors

Phoenix Commercial Advisors facilitated the transaction and represented the seller in this deal. The involvement of John Schweikert and Chad Tiedeman highlights the expertise of the brokerage firm in managing significant property transactions within the retail market in Arizona.