Transactions

Surprise Goodwill location changes hands

Reems store sells for $6.1 million

Posted 4/2/21

A Surprise Goodwill location is changing hands.

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
Transactions

Surprise Goodwill location changes hands

Reems store sells for $6.1 million

Posted

A Surprise Goodwill location is changing hands.

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of the location at 12043 N. Reems Road.

According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the 22,986-square-foot net-leased property sold for $6,128,000.

Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

The property was built in 2020 on a 2.42-acre lot in the rapidly growing Surprise trade area, where households and population are projected to increase 14% to 17% within a one-mile radius by 2025.

The asset included a new 15-year corporate lease with rental increases every five years.

Comments