Westridge Phoenix Acquires Retail Property In Phoenix, AZ For $6.8M

The retail property located at 7540 & 7606 W. Indian Road in Phoenix, AZ has been sold. The property spans across approximately 5.3 acres and was purchased by Westridge Phoenix from DPM Westridge Shopping Center. The transaction was facilitated by brokers Chris Hollenbeck and Shane Carter from the agency Cushman & Wakefield. The sale price for the property was $6,800,000. The total square footage of the property is 58,670, resulting in a price per square foot of $116.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $6,800,000
• Address: 7540 & 7606 W. Indian Road, Phoenix, AZ
• Market: Phoenix, AZ
• Acres: 5.3
• Buyer: Westridge Phoenix
• Seller: DPM Westridge Shopping Center
• Brokers: Chris Hollenbeck & Shane Carter - Cushman & Wakefield
• Square Footage: 58,670
• Price Per Square Foot: $116

The deal was completed with the assistance of brokers Chris Hollenbeck and Shane Carter from Cushman & Wakefield. They represented the buyer, Westridge Phoenix, and the seller, DPM Westridge Shopping Center, respectively. Their expertise and negotiation skills played a crucial role in the successful completion of the transaction.