The sale of Scottsdale Mountainside Shops, a 7,936 square foot shopping center was recently recorded. The location of the property is 10767 N 116th Street in Scottsdale, Arizona. The property sold to BDRE Holdings, LLC, an Arizona Limited Liability Company. The seller was Lucile, LLC, a California Limited Liability Company. The sales price was $1,496,000.00 which equates to $188 per square foot. The building was 67% occupied at closing.
Jake Ertle of Rein & Grossoehme Commercial Real Estate represented both the seller and buyer. Mr. Ertle specializes in the sale and leasing of specialty buildings and shopping centers. For more information regarding the above listed transaction, contact Jake Ertle at 480-214-9419 or Jake@RGcre.com.
Specializing in commercial real estate for over 20 years, Rein & Grossoehme is consistently recognized as a market leader in Arizona and provides services in retail leasing and sales, office leasing and sales, industrial leasing and sales, land and pads, self storage properties, multi-family properties, single tenant triple net leased properties, and tenant representation.