PHOENIX, ARIZONA (April 22, 2019) – NAI Horizon represented PVO, LLC (Paul Wong, Principal), the seller, in the $2.2 million investment sale of Paradise Valley Oasis, a 35,790-SF retail strip center located at 13825 and 13831 N. 32nd St., in Phoenix.
NAI Horizon Senior Vice President Lane Neville; Vice President Matt Harper, CCIM; and Associate Logan Crum represented the seller.
“This value-add retail property has a mix of long-standing local tenants that serve the surrounding neighborhood of 32nd Street and Thunderbird in north Phoenix,” Neville said.
Built in 1980, Paradise Valley Oasis sits on 2.65 acres. It is surrounded by high density single family residential and neighborhood retail and office centers.
There are more than 33,000 vehicles per day at the intersection of Thunderbird Road and 32nd Street. Located within a 3-mile radius of Paradise Valley Oasis are more than 125,000 people, averaging approximately $60,000 income per household per year. The property is easily accessible from SR 51.