real estate

Former Fiesta Mexicana site sold in Gilbert

An entity tracing to Frank Lam and Liang Zhou purchased the property that was site of the former Fiesta Mexicana restaurant on Aug. 21 for $3.3 million, according to commercial real estate site vizzda.com.

The deal included $660,000 down and $2.64 million in new lending from Desert Financial Credit Union. The seller entity traces to Martin-Rangel Arroyos and Patricia Cejade Rangel.

The property at 1017 E. Baseline Road, Gilbert, includes the 8,684-square-foot restaurant building, which is a single-tenant building built in 2003 on 1.68 acres zoned regional commercial. It has about observed parking spaces.

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real estate

Former Fiesta Mexicana site sold in Gilbert

Posted Sunday, September 14, 2025 2:15 pm

1017 E. Baseline Road
Gilbert, AZ 85233
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The deal included $660,000 down and $2.64 million in new lending from Desert Financial Credit Union. The seller entity traces to Martin-Rangel Arroyos and Patricia Cejade Rangel.