Former Jerry’s Audio-Video Sells For $1M
Private Investor Acquires Retail Building For Redevelopment
By Valerie Ornelas | CoStar Group
Steven Cooper, an individual owner, purchased the former Jerry’s Audio-Video building at 8680 E. Frank Lloyd Wright Blvd. in Scottsdale, AZ, for $1.01 million, or $88 per square foot.
The 11,464-square-foot retail building completed construction in 2000 and is adjacent to the Scottsdale Airpark. It was vacant at the time of sale. Cooper intends to purchase the surrounding buildings and redevelop the entire area into a retail strip center.
Natan Jacobs from Vestis Group represented the seller, while Bill Wisniewski from Realty Unlimited represented the buyer. – more at costar.com