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12/08/20
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A 10-acre property leased to Target and US Bank in Tempe, AZ was purchased for $14.45 mil by B2 Holdings LLC, an all-cash San Diego-based investor with multiple single-tenant holdings in the Phoenix market.
The property, located at 1800 and 1818 East Baseline Rd, is less than a half mile south of US 60 and in proximity of Dobson Ranch and Arizona State University.
Joseph Compagno of CBRE's Net Lease Property Group represented the buyer and the undisclosed Florida-based seller. Compagno noted that the California buyer was very attracted to the rare opportunity to acquire a Target and US Bank-leased property on a premier corner in Tempe.
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