Hanley Investment (HI) Urban Retail Advisors Sells Trophy Street Front Retail Building in Old Town Scottsdale for $575 PSF (2009-02-17)
Hanley Investment (HI) Urban Retail Advisors represented the buyer and seller in the sale of the 7,090 square feet of ground-floor retail space located below a three-story, 21-unit loft building located at 4020 Scottsdale Road in Scottsdale, AZ. The retail component, which was 100% occupied at the time of the sale, features three tenants: Bank of America, Ice Tango and Daily Dose Café. The purchase price was $4,075,000, representing $575 per square foot.