Matthews Real Estate Investment Services sold the LA Fitness located at 4836 E Chandler Blvd, Phoenix, for $9.5 million. Senior Associate Brandon Perez represented the seller. Located in the Ahwatukee submarket of Phoenix, the retail building, built in 2002, is positioned on a 5.13-acre lot with 45,000 square feet of leasable area. LA Fitness has …
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Matthews Real Estate Investment Services sold the LA Fitness located at 4836 E Chandler Blvd, Phoenix, for $9.5 million. Senior Associate Brandon Perez represented the seller.
Located in the Ahwatukee submarket of Phoenix, the retail building, built in 2002, is positioned on a 5.13-acre lot with 45,000 square feet of leasable area.
LA Fitness has been operating at this location for 18 years, with its lease term running through 2025.
“The buyer has plans to cash flow the property,” said Perez. “If the tenant were ever to leave, they have their own concept they can backfill the space with.”
The post Phoenix-Area LA Fitness Building Fetches $9.5M appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate
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