North Scottsdale Wendy’s sold for $2.05M

Independent Newsmedia
Posted 11/8/19

Marcus & Millichap, a commercial real estate investment services firm, has announced the sale of Wendy’s, a 3,193-square-foot triple-net-leased property in Scottsdale.

To Our Valued Readers –

Visitors to our website will be limited to five stories per month unless they opt to subscribe.

For $5.99, less than 20 cents a day, subscribers will receive unlimited access to the website, including access to our Daily Independent e-edition, which features Arizona-specific journalism and items you can’t find in our community print products, such as weather reports, comics, crossword puzzles, advice columns and so much more six days a week.

Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.

Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy. Please click here to subscribe.

Sincerely,
Charlene Bisson, Publisher, Independent Newsmedia

Please log in to continue

Log in
I am anchor

North Scottsdale Wendy’s sold for $2.05M

Posted

Marcus & Millichap, a commercial real estate investment services firm, has announced the sale of Wendy’s, a 3,193-square-foot triple-net-leased property in Scottsdale.

Ryan Sarbinoff, regional manager of the firm’s Phoenix office, said the building at 15416 N. Pima Road sold for $2.05 million.

Marcus & Millichap Investment Specialists Mark Ruble, Chris Lind and Jamie Medress had the exclusive listing to market the property on behalf of the seller, a limited liability company.

The property was built in 1996, situated on 0.4 acres of land, and is an outparcel to a Best Buy and Staples anchored shopping center.

An estimated 153,159 residents live in the growing north Scottsdale trade area of the Phoenix Metropolitan Area, with an average household income within a five-mile radius of the property exceeding $131,000.

Comments

X