$26.25M Sale at SanTan Village: Tenants Staying Put

Another major transaction has taken place at SanTan Village in Gilbert. Seven buildings covering 9.034 acres at the NW corner of Market Street and SanTan Village Parkway just sold for $26,250,000.

Tenants Staying Put

All tenants will stay put in the retail complex. Some of the current noticeable ones include:

• Van’s Golf Shop

• Spencer’s TV & Appliances

• East Valley Golf Carts

• Creative Leather Furniture

These established retailers anchor the space and ensure a steady draw for shoppers in one of Gilbert’s busiest commercial hubs.

A History of Ownership Changes

This isn’t the first time the property has traded hands — and each sale has come with a significant jump in value:

• 2012 – Sold for $9,800,000

• 2017 – Sold for $17,950,000

• 2025 – Sold for $26,250,000

In just over a decade, the property’s value has nearly tripled, underscoring the strength of the SanTan Village market.

Why It Matters

SanTan Village remains a cornerstone of Gilbert’s retail landscape. With tenants committed to staying and investors confident in long-term growth, this $26.25 million sale highlights the ongoing demand for commercial real estate in the East Valley.