AVONDALE, ARIZONA – 12301 West Lower Buckeye Road, a Circle K in the up and coming city of Avondale, Arizona, traded this week for $1,075,000 or $323 per square foot, at a 5% cap rate. The building is 3,328-square-feet and 100% leased to Circle K, who has a long history at the location on an absolute NNN lease. Nick Miner, CCIM of ORION Investment Real Estate represented the Seller, Hondagneu Family Trust, and the Buyer, 4550 Grand LLC. Miner took this property from open to close in under 30 days.

The Circle K, located at the southwest corner of El Mirage and Lower Buckeye Roads, was constructed in 1977, but was recently renovated by the tenant. Lower Buckeye Road sees an average of 20,154 cars per day, and the property is situated on a hard corner for maximum visibility. The corner has future commercial and residential developments planned.

The city of Avondale has seen an explosion of development and employment as well, with a reported 8,000 new homes planned just south of Interstate 10. Avondale’s Estrella Mountain College is currently embarking on a $31-million-dollar expansion, and massive employers, such as AKOS Medical and Vantage Data Centers, have recently chosen Avondale to expand in, with more health and tech companies expected to join them.

Nick Miner, CCIM, commented on the transaction, “This was a unique opportunity for the Buyer. Circle K recently exercised their last option for renewal and the Buyer sees this as an opportunity to add value down the road with a restructured lease. We received multiple offers. The Buyer was selected because they owned other Circle K locations and offered a quick contingency and close.”

For more information, Miner should be reached at 480.612.0384.

PIMA COUNTY, ARIZONA – Pima Animal Care Center is holding a drive-in adoption event at the shelter, 4000 N. Silverbell Road, May 14 from 7 to 9 p.m. in the overflow parking lot, next to the shelter.

Staffers will give attendees glow sticks to wave and “bid” for the auction-style adoptions. There is limited parking, so “Fiesta con los perros y los gatos” is limited to the first 50 people who sign up here. Families can bring their own pups for potential meet and greets with the dogs they are considering adopting, but they must stay on leash and in the car until the introductions happen.

“It has been so long since we’ve had any sort of fun event like this at the shelter,” said Monica Dangler, Interim Director of Animal Services. “We are trying to be creative and keep everyone safe at the same time.”

After the shelter closes for the night, the event kicks off with a showing of the Pixar short film “Kitbull” to get people in the adopting spirit. After the short, there will be clips of staffers showing off adoptable pets at the shelter. People can show their interest by holding up their glow sticks. Staffers will then go to the cars to help them meet the pet at the shelter next door.

“It’s going to operate much like an auction, where the hand we see first will get the first chance at meeting the pet,” Dangler said.

Friends of Pima Animal Care Center will be selling snacks and drinks for humans — much like a regular movie theater experience — while Central Pet will be selling snacks for pets.

PACC is offering waived adoption and reclaim fees for adult animals for the month of May. This promotion will not include kittens or puppies. They will still be $50 each. There is also a $20 licensing fee per adopted dog that cannot be waived. All pets are up to date on vaccinations and will be spayed or neutered before being adopted.

Pictured: Will A738628

SCOTTSDALE, ARIZONA – Churchill Commercial Capital, Inc. has hired Anna Prorok as a Loan Analyst to analyze properties using income-based valuation, create offering memorandums for lenders, and assist in the closing and preparation of due diligence documents.

Anna received her Masters in Real Estate from the University of Washington as well as a Bachelors degree in Chinese Language. Before joining Churchill Commercial Capital, Anna worked for a year as a Construction Support Specialist with M&T Bank and also was an intern with CBRE’s affordable housing group during college. A fun fact about Anna is that she studied abroad at Wuhan University and walked onto their University Tennis Team.

Churchill Commercial Capital is a commercial mortgage banking company established in 1994 that has closed over $3.5 billion in loans. Churchill originates and services loans for its correspondent life insurance companies and arranges debt and equity investments for owners of commercial and multifamily properties.