Prime Vacant Freestanding Retail Building Sold for $287/SF Article originally posted on HERE on June 28, 2021 TEMPE, ARIZONA – 2010 South Rural Road, formerly Dominic’s 2-Wheeler, sold today for $1,395,000 or $287 per square foot. Nick Miner of The Moser Group USA represented the Seller DBM Wheelers, LLC, the former owner/operator of the building. The Buyer, 1216 Avenida Chelsea, LLC, was represented by Lucinda Bliss of The Moser Group USA. The 4,860 square foot free-standing retail/commercial building at the major arterial intersection of Rural and Broadway Roads just south of Arizona State University. The Buyer purchased the building as an investment, and The Moser Group USA’s Lucinda Bliss will be working to lease the project now that its changed hands. The highly visible, walkable location is ideal for the future tenant. The site also benefits from prominent monument and building signage, on the “going to work” side of the street. Nick Miner, CCIM commented on the transaction, “Part of the seller’s motivation was to retire and close down the business. This is the second property I have sold for the seller. – Miner said. We had multiple interested parties but decided to go with the current buyer because they were all cash and a short due diligence period.” September 24, 2021 Here’s how Arizona’s Recovery From Pandemic is Gaining Momentum ‘Timing is Right’ for Redevelopment of Tempe Flour Mill, City Says Household Net Worth in U.S. Hits Record on Surging Home Values Avondale Approves Rezoning for 22-Acre Mixed-Use Development Near Interstate 10 Population Migration Is Fueling Economic Growth September 23, 2021 What the Fed’s Monetary Plans Mean for CRE Texas Developer to Break Ground on $100M Apartments in Midtown Phoenix Phoenix No. 1 in Home Price Increases for 25 Consecutive Months Phoenix Warehouse Sells for Record Price, Extending Region’s Demand Surge Economist Tells AZ Audience: US Economy to Have 2 Strong Years, Then Level Back to Before Covid