Thursday, January 24, 2013

Earnhardt Dealership Sells to Winco Foods for $5M

VIZZDA – January 23, 2013 – WinCo Foods of Boise Idaho has purchased the auto dealership at 1301 N Arizona Ave in Gilbert from Earnhardt Properties for $5,079,192 with no debt.

The property is currently a 55,088 SF auto dealership with ±1180 parking spaces on 14.58 acres. The site has been planned for an 117,949 SF neighborhood shopping center with a 94,683 SF grocery store anchor and 3 retail pads of 6,388 SF, 7,795 SF and 9,145 SF. Phase 1 for the site, the anchor design, has been approved.

Hal J Earnhardt III closed the deal. Tammy Zokan is the attorney contact for Winco Foods.

Edward Moore
Director of Research

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