Real Estate

North Goodyear retail property sells for $5.12 million

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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.

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