Lee & Associates Arizona Commercial Real Estate Services Company (“Exclusive Broker”) is pleased to present for sale Talavi Towne Center II, a ±61,302 square foot retail center situated on 5.67 acres of PAD-zoned land in the heart of Glendale, Arizona (the “Property”).
Ownership has recently completed significant capital improvements, including substantial tenant improvements, restroom renovations, exterior painting, and parking lot sealcoating and striping (completed July 2024).
Approximately ±31,302 square feet can be made available for an owner-user at closing, offering an excellent opportunity for partial occupancy with FF&E’s potentially included. The Pickleball Space (±30,000 square feet) will execute a new lease concurrent with close of escrow, providing immediate rental income - terms subject to negotiation.
In addition to a traditional sale, the seller is open to exploring alternative transaction structures, including the sale of the operating businesses, a joint venture, partnership, or other creative arrangements involving the businesses and/or the real estate. Ownership is willing to consider all viable options with a prospective qualifed buyer.