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Real estate

Gilbert retail property sells for $2 million

A freestanding retail property at 900 S. Gilbert Road sold April 6 for $2 million, according to commercial real-estate website vizzda.com.

The buyer is an entity tracing to Overton Builders, with Christopher Domanico listed as a contact. The purchase was financed with a $2.2 million loan from Bell Bank, with a maturity date of April 6, 2036.

The seller, an entity tracing to Spencer’s TV & Appliance, acquired the property in December 2023 for $1.75 million. Dennis Reilly is listed as a contact for the seller.

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