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Corner on 7th Sells for $6.8M

HRA Takes Phoenix Retail Property
November 5, 2012
A private investor sold the Corner on 7th retail building at 1515 N. 7th Ave. at in Phoenix, AZ to Hannay Realty Advisors for $6.838 million, or about $422 per square foot.

The 16,202-square-foot property was originally built in 1945, but was completely remodeled in 2011. The building was 89 percent leased by national tenants including Chipotle, Five Guys, How Do You Roll, Jersey Mikes, The Joint, Verizon and local food eatery Vovoneena.

Chad Tiedeman of Phoenix Commercial Advisors represented the seller.

Please see CoStar COMPS #2582894 for more information on this transaction.

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