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RETAIL NEWS
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AZ Retail Property Trades in $17.8 Mil Transaction

2/17/20

Phoenix-based First American Exchange Company purchased Rancho Santa Fe Center, a 74k sf, suburban medical/dental office complex in Avondale, AZ for $17.8 mil ($240/sf). The property was sold by an entity formed by Holualoa Companies and The Plaza Companies.

Rancho Santa Fe Center is a seven-building complex constructed in 2003-2004 on eight acres of land at at 13033-13075 W. McDowell Rd. The property fronts along one of the premier arterials providing access to the Litchfield-Goodyear-Avondale area – anchored by the Palm Valley master-planned community.

West Valley Hospital is located less than one-mile west of Rancho Santa Fe Center and Phoenix Children’s Hospital opened an ambulatory center two-miles east. The property is surrounded or is within walking distance to numerous retail amenities, with 800k sf of retail space located at the intersection of Dysart and McDowell Roads. Interstate 10 lies one block to the south, providing excellent freeway access.

Eric Wichterman and Mike Coover of Cushman & Wakefield represented the seller, Phoenix-based HH RSR LLC, in the transaction.





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