Jared Lively of Rein & Grossoehme represented California-based investor Southwestern Investments, LLC (George Shakiban) on the $8,695,413.00 purchased of 66.401 SF Retail Property ($132 per sf), at the NEC of Bethany Home Rd and I-17 Freeway in Phoenix, Arizona. The property known as Bethany Marketplace was 71% Occupied at time of close, tenants include Big Lots, DoorDash Mart, Dunkin Donuts, Subway, WingStop and Cricket.
The Buyer will be updating the property will new Spanish Modern paint scheme, new landscaping, and many other features. Lively will continue handling the Leasing.
The seller was Bethany Marketplace Partners, LLC.
Founded in 1993 and celebrating our 25th anniversary, Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.