Vestmont Properties Inc. Represents Buyer in $3.5 Million Thrift-Anchored Retail Acquisition on Camelback Road
Dec 18, 2025
Transaction supports 1031 exchange strategy for private investor acquiring stabilized Phoenix infill retail asset.
Scottsdale, AZ – Vestmont Properties Inc., a licensed Arizona real estate brokerage, announced today that it successfully represented the buyer in the acquisition of a single-tenant retail property located at 839 E. Camelback Road in Phoenix, Arizona, which closed for $3.5 million. The buyer acquired the property as part of a 1031 tax-deferred exchange.
The property is occupied by Thrift & Thrive, a mission-driven retail operator, and is strategically positioned along the highly trafficked Camelback Road corridor, one of Phoenix’s most established infill retail submarkets.
“This transaction required precise coordination given the buyer’s 1031 exchange timeline and the importance of certainty of close,” said Kevin Barr, President of Vestmont Properties Inc. “Our role was to underwrite the asset, manage the exchange-driven acquisition process, and ensure the buyer secured a stabilized, income-producing property that aligned with long-term investment objectives.”
Key transaction highlights include:
$3.5 million purchase price for a single-tenant retail asset
Buyer representation by Vestmont Properties Inc.
1031 exchange execution, meeting strict IRS timing requirements
Prime infill Phoenix location along Camelback Road
Stabilized tenancy with a retail operator focused on community-oriented services
Vestmont Properties provided acquisition advisory, market analysis, and transaction management throughout the process, coordinating with exchange intermediaries, legal counsel, and other stakeholders to ensure a seamless closing.
The transaction underscores Vestmont’s continued focus on advising private investors in retail and industrial acquisitions, particularly where tax-efficient structuring and execution certainty are critical.
Investors seeking representation for acquisition, disposition, or 1031 exchange planning are encouraged to contact Vestmont Properties for a confidential consultation.
The transaction was brokered by Kevin Barr and Macey Weiss of Vestmont Properties Inc., who represented the buyer in the acquisition.
Media Contact & Management Inquiries:
Kevin Barr, Designated Broker
Vestmont Properties Inc.
Phone: (480) 766-0688
Investment sales and real estate brokerage businesses are conducted exclusively by Vestmont Properties Inc. (ADRE# CO648847000).