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March 28, 2024
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RETAIL NEWS
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AZ Retail Property Trades for $137/sf

8/27/19

Santan Gateway North, a 123.2k sf, Walmart shadow-anchored shopping center in Chandler, AZ, sold for $16.9 mil, or $137/sf.

The property is located at 1005 S. Arizona Ave, at the southeast corner with Pecos Rd. Santan Gateway North is situated on approximately 17.12 acres of land and is currently 77.2% leased to a diverse tenant roster led by Goodwill, Dollar Tree and LA Fitness.

Santan Gem LLC was the buyer. Michael Hackett and Ryan Schubert of Cushman & Wakefield negotiated the transaction on behalf of the seller, GCCFC 2006-GG7 South Arizona Avenue LLC (an entity formed by LNR).

“Santan Gateway North is an exceptional value-add opportunity with direct freeway access, a Walmart shadow anchor and tremendous Chandler growth and demographics,” noted Hackett.





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