MEI Real Estate Services is pleased to announce the closing of a retail property in Phoenix, AZ. The property located at 4840 N. 83rd Ave.consisted of a single building on the corner of N. 83rd and Camelback Avenue in Phoenix, AZ. The multi-tenant strip center consisted of national and regional tenants and is situated on a Walgreens outparcel at the corner of a busy intersection. Dennis Dillon and Chelsea Novelli at MEI represented the seller of the property which sold at the asking price of $2.185 Million, at terms that met the seller’s requirements. The seller is involved in a 1031 exchange and is currently in escrow through MEI to acquire a replacement property in Tucson, AZ. This multi-faceted transaction went smoothly and the Seller received multiple offers to purchase the property at full asking price. The property is in a dense demographic area and is just minutes to the 101 freeway, Agua Fria Crossings, and the Arizona Cardinals NFL Stadium.