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| Avenue at Olive Park is situated on almost three acres at 5814 W. Olive Avenue. in Glendale, AZ |
GLENDALE, AZ – Phoenix-based retail brokerage specialist Western Retail Advisors (WRA) has completed the $5.5 million sale of Avenue at Olive Park, a fully leased retail center located at the northeast corner of Olive and 59th avenues, directly across the street from Glendale Community College in Glendale, Arizona.
The
high-profile corner is visible to over 61,000 vehicles per day, with access to
almost one-half-million residents within five miles.
The center is fully leased with a
mix of local and national food and retail uses, including co-tenancy from
retailers such as dd’s Discounts, McDonald’s, Panda Express, Jack in the Box
and Circle K.
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| Darrell Deshaw |
“Avenue
at Olive Park provides exceptional stability and visibility, with very strong
daytime and nighttime foot traffic, and the opportunity for this new owner to
grow alongside Phoenix’s booming retail market and steady rent growth,” said
Deshaw. “It is a great transaction underscoring Glendale’s position as a
dynamic retail market with continued potential.”
Gabe Manzanares
Avenue
at Olive Park is situated on almost three acres at 5814 W. Olive Ave. in
Glendale. It is a short drive from the U.S. 60 and nearby economic drivers like
Glendale’s Sports and Entertainment District and Luke Air Force Base.
CONTACT:
Stacey Hershauer
focusAZ
P 480.600.0195
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