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May 22, 2019
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RETAIL NEWS
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Retail Pad Site in Carefree, AZ Sells of Just Over $2 Mil

2/15/19

Old Republic Exchange Company of Carefree, AZ paid $2.1 mil for a retail pad at Boulevard at Surprise Pointe, located at the southeast corner of Litchfield Rd and Waddell Rd in Surprise, AZ. The asset was sold by San Diego-based Surprise SE LLC (an entity formed by CIRE Equity).

The 8k sf site is situated within Boulevard at Surprise Pointe, an AMC Theater and Uptown Alley Bowling-anchored center. Built in 2008, the property is 100% leased to Jabz Boxing, T.E.A.M. 4 Kids and Maximus Nutrition. The 3.175-acre retail center is situated across from a planned 3,000-home residential development and adjacent to ESI Venture’s 154-acre mixed-use business park.

Chris Hollenbeck of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the seller.





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