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Metro Pavilion | Value-Add Retail Center 9620 N Metro Pky W 70,708 SF 73% Leased Retail Building Online Auction Sale Phoenix, AZ 85051

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INVESTMENT HIGHLIGHTS

  • Opportunity to acquire a well-located retail center with significant upside potential through below-market rents.
  • Features a highly functional site layout with ample customer parking that provides convenient access to every tenant.
  • Strong surrounding demographics with a population of 443,147 and over 15,700 businesses within a 5-mile radius.
  • Ideally positioned across from the $850 million Metrocenter redevelopment, it is surrounded by established, family-oriented neighborhoods.
  • Delivering strong visibility and multiple ingress and egress points for safe, efficient traffic flow.

EXECUTIVE SUMMARY

Diversified Partners is pleased to present the opportunity to acquire Metro Pavilion, a 70,708-square-foot retail center located at 9620 N Metro Parkway in Phoenix, Arizona. The property is situated directly across the street from the highly anticipated $850 million Metrocenter redevelopment, which is expected to include 1,000 to 2,000 new residential units. The property is surrounded by established neighborhoods, schools, and major transportation routes, including the Interstate 17 Freeway, which is less than a half-mile away.

The center is currently 73.1% leased to a diverse mix of tenants, including Blazin Mongolia, 3D Nails, Mi Pueblo, Peter Piper Pizza, Victory Church, Advanced Pain, and ThrivePoint High School. These businesses provide a balanced combination of dining, retail, education, medical, and community services, catering to the needs of local residents and the surrounding trade area.

Metro Pavilion is located in a densely populated corridor with over 178,500 residents within a 3-mile radius. The property’s proximity to the Metrocenter redevelopment positions it to benefit from the influx of new residents, retail, and entertainment amenities, while its immediate access to Interstate 17 provides convenient connectivity throughout the Phoenix metropolitan area. This combination of strong demographics, strategic location, and tenant mix makes Metro Pavilion a compelling investment opportunity.

Property tours are available by appointment only. Please contact the listing broker to schedule.

MATTERPORT 3D TOURS

Matterport Tour

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OFFERING MEMORANDUM Click Here to Access

DATA ROOM Click Here to Access

MARKET ANALYTICS Click Here to Access

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Market Sale Price per SF

Phoenix - AZ USA

Market Cap Rate

Phoenix - AZ USA

Market Sale Price per SF by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per SF Distribution

Market Cap Rate Distribution

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
70,708 SF
Building Class
C
Year Built
1991
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.56
Lot Size
2.88 AC
Opportunity Zone
Yes
Parcel Numbers
149-16-002C
Zoning
C-2 - C-2, City of Phoenix
Parking
250 Spaces (3.54 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • A1
  • 4,791 SF
  • Retail
  • End Cap
  • Now
  • A2
  • 2,178 SF
  • Retail
  • In-Line
  • Now

Adjacent to the revitalization of the former Metrocenter Mall which will be redeveloped into a large mixed-use property to include retail, hotels, entertainment and house over 3,000 new residents. Densely populated with over 169,00 people within a 3-mile radius

  • A3
  • 1,000 SF
  • Retail
  • In-Line
  • Now

Adjacent to the revitalization of the former Metrocenter Mall which will be redeveloped into a large mixed-use property to include retail, hotels, entertainment and house over 3,000 new residents. Densely populated with over 169,00 people within a 3-mile radius

  • A4
  • 1,031 SF
  • Retail
  • In-Line
  • Now
Space Size Space Use Position Available
A1 4,791 SF Retail End Cap Now
A2 2,178 SF Retail In-Line Now
A3 1,000 SF Retail In-Line Now
A4 1,031 SF Retail In-Line Now

A1

Size
4,791 SF
Space Use
Retail
Position
End Cap
Available
Now

A2

Size
2,178 SF
Space Use
Retail
Position
In-Line
Available
Now

A3

Size
1,000 SF
Space Use
Retail
Position
In-Line
Available
Now

A4

Size
1,031 SF
Space Use
Retail
Position
In-Line
Available
Now

A1

Size 4,791 SF
Space Use Retail
Position End Cap
Available Now

A2

Size 2,178 SF
Space Use Retail
Position In-Line
Available Now

Adjacent to the revitalization of the former Metrocenter Mall which will be redeveloped into a large mixed-use property to include retail, hotels, entertainment and house over 3,000 new residents. Densely populated with over 169,00 people within a 3-mile radius

A3

Size 1,000 SF
Space Use Retail
Position In-Line
Available Now

Adjacent to the revitalization of the former Metrocenter Mall which will be redeveloped into a large mixed-use property to include retail, hotels, entertainment and house over 3,000 new residents. Densely populated with over 169,00 people within a 3-mile radius

A4

Size 1,031 SF
Space Use Retail
Position In-Line
Available Now

ABOUT NORTH CENTRAL PHOENIX

North Central Phoenix is bisected by Interstate 17, which connects the Loop 101 and Interstate 10 freeways, giving employers and residents access to the entire Valley. Phoenix Sky Harbor International Airport, which offers flights to over 140 domestic and international destinations, is about a 20-minute drive south, as is downtown Phoenix. Downtown has realized significant improvements over the past decade and has grown into a vibrant live/work/play hub. The area is home to Grand Canyon University, one of the largest private colleges in the country. The university provides a healthy pipeline of new talent as well as a solid base of student renters and spenders. Demographically, Phoenix is very well positioned for long-term growth. It boasts rates of household formation that make it one of the fastest-growing markets in the country, which will support demand for all types of real estate.

North Central Phoenix is largely a residential community with a sizable inventory of retail space, apartment complexes, and single-family homes. Office users are less common but will usually choose to locate along Interstate 17. American Express, PetSmart, and Blue Cross Blue Shield, among others, have a notable presence in the area. Metrocenter Mall, one of the largest regional malls in the state, is undergoing an $850 million redevelopment that will transform the iconic site into a mixed-use village with thousands of rentals, restaurants, bars, and a town-center park.

The area is largely built-out, and the limited amount of new construction is usually focused on multifamily or hospitality uses. This lack of supply-side pressure, coupled with the strong central location, provides a positive outlook for property fundamentals. Additionally, investors can typically find assets at a notable discount from Scottsdale or Tempe, which tend to be pricier.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2024 Population
17,384
183,898
455,727
2020 Population
17,160
182,630
452,296
2029 Population
18,779
198,457
491,355
2024-2029 Projected Population Growth
8.0%
7.9%
7.8%
Daytime Employees
8,724
52,847
141,888
Total Businesses
1,102
6,617
16,691
Average Household Income
$61,979
$70,857
$76,825
Median Household Income
$45,325
$53,762
$57,119
Total Consumer Spending
$161.8M
$1.9B
$4.9B
Median Age
33.9
35.2
35.4
2024 Households
6,237
66,738
166,246
Percent College Degree or Above
10%
13%
14%
Average Home Value
$277,587
$327,177
$373,477
$ values in USD

NEARBY MAJOR RETAILERS

Starbucks
Samurai Sam's Teriyaki Grill
Mod Pizza
Yogis Grill
Smashburger
Salad and Go
Red Lobster
Red Robin
Chili's Grill & Bar
Hooters

SALE ADVISORS

SALE ADVISORS

John Jackson, Senior Vice President
John (JK) Jackson is a senior vice president with the Investment Sales Team at Diversified Partners, where he specializes in representing landlords and tenants with their leasing needs, the management of acquisitions and dispositions of retail properties, enhancing values through asset management and retail advisory services.

Jackson has completed hundreds of transactions on behalf of landlords and investors for single tenant triple net assets, neighborhood centers and anchored retail shopping centers. He has a proven ability to achieve results for his clients through comprehensive market strategies, long-range planning, and identifying opportunities to increase asset cash flows. A consummate professional, Jackson, thoroughly analyzes the financial details of each transaction to ensure his clients’ economic and business objectives are met. He carefully crafts marketing campaigns and leases to support growth, minimize risk, and protect his clients’ investments.

Jackson and his team leverage their relationships with qualified institutional and private investors, enabling them to strategically match buyers with sellers to achieve the best possible outcome for their clients.

BUSINESS BACKGROUND
Jackson is an Arizona Native who’s experience spans 19 years as a commercial real estate agent in Greater Phoenix, focusing on the acquisition, lease-up and disposition of retail properties. Prior to joining Diversified Partners, he was a senior vice president with Colliers International in Phoenix, where he represented owners and investors in the acquisition and disposition of over $300,000,000 of retail properties by working closely with owners, asset managers and investors to identify, acquire, lease-up and dispose of their investments.

?PROFESSIONAL ACCOMPLISHMENTS
- Completed more than 1,000 lease and sale transactions
- CoStar Power Broker Award Winner
- Awarded Top Producer Colliers International Arizona – 2021, 2022, 2023, 2024
- Member of Colliers International Arizona Leadership Council (2019 – 2025)
- NAIOP Retail Broker of the Year Nominee - 2023, 2024

COMMUNITY INVOLVEMENT
- Brokers for Kids
- Susan G. Komen Sponsor
- Salvation Army’s Adopt-a-Family Program
- Defenders of Children (DofC)
- Habitat for Humanity Volunteer

EDUCATION AND QUALIFICATIONS
- Arizona State University; Bachelor of Science, Accounting

MEMBERSHIPS AND INVOLVEMENTS
- NAIOP
- International Council of Shopping Centers (ICSC)
Marti Weinstein, Retail Leasing & Sales Associate
Marti Weinstein joined Diversified Partners in September of 2021 bringing with her a specialty in third party Landlord leasing of open air shopping centers including existing assets and new developments throughout the Phoenix Metropolitan area.

Marti also specializes in Tenant representation of all scopes including retail business types such as food and beverage, personal service, medical users,  etc. ranging from local mom and pop brands to national users throughout Arizona and the southwest region.

Marti’s main objective in business is to create and nurture relationships with her clients and other business professionals spearheading her processes with the best interests of others in mind and a goal of collaboration and repeat success stories.
Kristina Stamets, Vice President - Investment Sales
Kristina Stamets serves as vice president of investment sales at Diversified Partners, where she works alongside John “K” Jackson to specialize in the sale of retail properties across Arizona. A lifelong Valley resident, she brings deep market knowledge and trusted relationships with landlords and developers to facilitate the acquisition and disposition of shopping centers and development projects. Her role includes overseeing all phases of a transaction—from marketing and negotiation to successful close. Prior to joining Diversified Partners, Remon held roles at Colliers as associate vice president and at Strategic Retail Group, which was acquired by Avison Young in 2019. In both firms, she distinguished herself through her proactive approach to client service, transaction management and market research. With strong organizational skills, clear communication and a reputation for integrity, Remon consistently delivers results and fosters long-term client partnerships. She is recognized by peers for her energy, professionalism, and leadership both in and outside the office.
?
?Recognition
- Named one of Colliers’ Emerging Retail Leaders
- CoStar Power Broker Award Winner

?Memberships & Involvements
- Brokers for Kids
- NAIOP, the Commercial Real Estate Development Association
- International Council of Shopping Centers (ICSC)
- Valley of the Sun Active 20/30 Club
Board member (2017-2024)
Vice President of Social Events (2021)
Vice President of Community Relations (2022)
- Fresh Start Auxiliary Board Member (2025 - Present)

ABOUT THE AUCTION TECHNOLOGY

Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT

Jameson Kuykendall
Auctioneer License: Ten-X Arlene Richardson RE Brkr LC66291000
  • Listing ID: 37959010

  • Date on Market: 2025-10-20

  • Last Updated:

  • Address: 9620 N Metro Pky W, Phoenix, AZ 85051

3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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