12/19/2008

Palm Glen Shopping Center in Phoenix up for sale

by
Palm Glen Investors, LLC, has placed the Palm Glen Shopping Center in Phoeniz, Ariz., on the sales block with an asking price of $22.19 million.

Sanford Burstyn, a VP in Marcus & Millichap's Phoenix office, is representing the seller in the offering.

The retail center is located at the northwest corner of 35th Avenue and Glendale Avenue and is being offered for $127 per square foot. It contains 175,218 square feet on 16.12 acres and is currently 95 percent occupied. The property is anchored by Food City and Maya High School. Other tenants include Wells Fargo, Dollar Tree, Aaron Rents, Blockbuster Video, Little Caesars Pizza and Liberty Tax.

Address: 35th Avenue & Glendale Avenue, Phoenix, Ariz.

Size: 175,218 square feet

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Filed Under: Retail

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