Phoenix, AZ – CBRE has completed the sale Centerpoint at Anthem, a ±29,193-square-foot shopping center located at 4220 W. Summit Walk Court and 42407 N. Vision Way in Anthem, Ariz. The property was 92 percent leased at time of sale and commanded a sale price of $2.7 million.
Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction. The seller was Beka III, LLC & Beka IV, LLC of Gilbert, Ariz. The buyer was Scottsdale-based KK Investment Properties, LLC.
“This was an excellent opportunity to purchase a well-maintained asset below replacement cost,” said CBRE’s Goldsmith. “The asset was sold by the original developer who kept the property in immaculate shape for over a decade. The property already benefits greatly from the traffic from the nearby Walmart and Outlet Shops, and there is excellent opportunity for future upside through potential rent growth along with lease-up of the remaining vacancy.
Centerpoint at Anthem was developed in 2005. The property is located on two parcels totaling 2.88 acres and is situated at the intersection of Anthem and Vision Ways. Centerpoint at Anthem benefits from its proximity to countless national brand retailers, as well as the popular Outlets at Anthem, which is located directly north.