Jess and Barbara Nicks shelled out more than $157 per sf for a total of $1.1 million for the fully leased freestanding building. CSK Auto, which operates Checker Auto Parts, is the tenant.
Last year, the Nicks also paid $1.1 million for a 7,000-sf retail site for CSK Auto in Cottonwood, about 100 miles north of Phoenix. Cottonwood has about 8,000 residents, but is more populated during the hot summer months.
LRA Development, which built the building, is the seller of the Phoenix location. Dennis Younes of GVA Landmark's Phoenix office negotiated the transaction.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
