Phoenix, Arizona – The southeast valley in the metro Phoenix area continues to be a hot market. Residential developers and more commercial development continue to be the driving force for the economic development growth in the area. The Director of Retail Leasing and Sales Investments, Rommie Mojahed continues to thrive as well, representing the landlord in the $2.3 million ($564 PSF) sale in Gilbert, AZ.
Mojahed represented the seller in this transaction. This single tenant NNN investment sale was a great deal for both parties involved. The sale – leaseback transaction will keep the tenant, True Health Medical in the growing Gilbert area off Queen Creek & Gilbert Roads. The property is located at 4828 S. Val Vista just a few miles away from the Chandler Municipal airport.
"The southeast valley continues to show an increase of out-of-state buyers who want to invest in the Arizona market,” said Mojahed. “The commercial real estate activity in the sub-markets like Gilbert, Chandler, Queen Creek and San Tan Valley are all doing great.”
True Health Medical building is also surrounded by many residential communities in the area, such as Layton Lakes, Eagle Glen, Estates at The Spectrum, and Vista Dorado.
The seller, True Health Holdings, LLC sold to Jack Berg Family Limited Partnership from Santa Barbara, California. The 4,080-square-foot building will serve as an investment property for the new owners.
Mojahed stated, “I am pleased that we could agree on the terms quickly and make this an easy transaction for both parties.”
For more information on other southeast valley listing still available, Rommie Mojahed can be reached at SVN | Desert Commercial Advisors in Phoenix, AZ.