WinCo Foods LLC purchased 14.57 acres located at 1301 N. Arizona Ave. in Gilbert, AZ for $5,079,192 from Earnhardt Properties LP.
The existing property is an auto dealership with 11 months remaining on their lease. WinCo Foods Supermarket will start construction on their new location in 2014.
Ed Beeh of SRS Real Estate Partners and Rick Breuer of Presidio Real Estate Advisors represented the buyer. George Haugen of Haugen Commercial Real Estate represented the seller.
For more information on this transaction, please see CoStar COMPS #2663716.