LA Fitness Anchored Retail Sold at Busy Chandler Intersection

CHANDLER, Arizona – Situated at the northwest corner of Dobson Road and Warner Road, and anchored by a premier LA Fitness, Valle Del Sol buildings sold in two separate transactions. Part of a six-building retail development, 2090 North Dobson Road sold for $2,075,000 ($268 PSF) and 2080 North Dobson Road sold for $1,560,000 ($305 PSF). Located at a busy, signalized intersection with +/- 61,000 vehicles passing per day, the properties benefit from excellent traffic counts and exposure. LA Fitness and Lee Lee International Market, currently a 100% leased center, both draw thousands of customers each day to the intersection. In addition, the intersection includes Walgreens, CVS Drugstore, Jack in the Box, Starbucks and McDonald’s —all significant traffic generators.

Judi Butterworth and Lacey Eyman of ORION Investment Real Estate represented the seller in both transactions. Butterworth said, “Valle Del Sol is a successful development located in a great Chandler neighborhood. The out-of-state Buyer bought both properties, which offer visibility, signage, attractive landscaping and unique architectural features. The stable trade area offers a high-income, well-educated customer base.” The buildings were fully occupied at close of escrow.

The seller was Arizona-based BCB-WB Partners, LLC. The buyer, represented by Jason Lamoreaux of Coldwell Banker Commercial, was AVD Land 2 LLC.