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PEORIA, AZ-Woodbum Discount Foods, Inc., a Wilsonville, OR-based investment group, is paying $1.53 million for the Arby’s Restaurant in Peoria, a suburb northwest of Phoenix. Price Realty Consulting Group of San Diego is the seller.

The restaurant is situated at the southeast corner of 91st and Peoria avenues and within three miles of Del Webb’s Sun City and Sun City Grand. It also is just a few blocks east of the Agua Fria Freeway section of Loop 101.

The Phoenix office of Marcus & Millichap represented the seller. Broker Glen Fotre of the Portland office of Portland Commercial acted on the buyer’s behalf.

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