Real Estate

North Goodyear retail property sells for $5.12 million


Cushman & Wakefield has brokered the net lease sale of a multitenant retail property in north Goodyear. 

Located at 790 N. Estrella Parkway, the 12,561-square-foot freestanding asset is anchored by a Sherwin-Williams paint store along with other regional and national tenants.

Los Angeles-based Mesa Terrace, LLC acquired the property from Estrella Parkway Investors, LP for approximately $5.12 million. 

The small center features a Sherwin-Williams store and other smaller retailers.

Chris Hollenbeck and Andrew Bogardus with Cushman & Wakefield’s offices in Phoenix and San Francisco represented the seller in the transaction.

“This was an attractive, stable retail asset with strong, e-commerce resistant tenancy, and strategically located with frontage along N Estrella Pkwy close to Interstate 10,” said Chris Hollenbeck. “

The property was built in 2006 and is situated among several other popular retailers, shopping destinations and residential communities located along North Estrella Parkway and nearby.


No comments on this item Please log in to comment by clicking here