Retail Pad Building at Higley Marketplace Sells in Gilbert

GILBERT – ORION Investment Real Estate is proud to announce the sale of Higley Marketplace for $2,150,000 ($286.67/SF). The 7,500 square foot, freestanding medical building was constructed in 2007, and has excellent visibility and signage along Higley Road. The building is located near Banner Gateway Medical Center, a new Marriott, and several retail forces. The current tenant occupying the space is Woolf EyeCare; the fully built-out Urgent Care space was available at close of escrow.

Derek Buescher, Vice President at ORION Investment Real Estate, said, “This property is a well-located center in Gilbert, with close proximity to Banner Gateway Hospital. The property was 32% occupied at close of escrow. The vacant space was a built-out Urgent Care. The Buyer has a tenant in tow to go into the Urgent Care space.”

The Seller was Higley Sterling Properties, LLC and the Buyer was The Kobold Group, LLC, based out of Arizona.