TIERRA DEL SOL PLAZA NEC 16th St. & Bell Rd, Phoenix, AZ Price $4,800,000 Size 43,534 SF Price per SF $110 Cap Rate 6.23 (A) Occupancy 84% Year Built 1986 (A) = Cap rate based on actual income at stated occupancy
1733 N. Dysart
By Mark Rein in
CUCINA TAGLIANI 1733 N. Dysart, Avondale, AZ Price $1,043,000 Size 6,722 SF Price per SF $155 Cap Rate N/A Vacant Building Occupancy 0% Year Built 2005 Highly improved freestanding restaurant pad building right on the corner of the main entrance to the Alameda Crossing shopping center. Excellent exposure and access from Dysart Avenue.
STONEBRIDGE PLAZA NEC Southern & Val Vista, Mesa, AZ 12 months later Price $4,700,000 $6,550,000 Size 30,235 SF Price per SF $155 $217 Cap Rate 8.13 (A) 6.62 (A) Occupancy 76% 85% Year Built 2000 (A) = Cap rate based on actual income at stated occupancy Shadow anchored shopping center on both sides of a […]
NWC Main & Lindsay
By Mark Rein in
LINDSAY CORNERS NWC Main & Lindsay, Mesa, AZ Price $1,235,000 Size 25,181 SF Price per SF $49 Cap Rate 6.62 (A) Occupancy 73% Year Built 1987 (A) = Cap rate based on actual income at stated occupancy This is a high visibility center on the hard corner that had a bit of an identity crisis. […]
Sold My 129th Property
Sold My 128th Property
Sold My 127th Property
Sold My 126th Property This was one of my most difficult listing assignments ever. Closing the sale required more than 2 years of working with the owner to better position the property together with a relentless marketing effort. The property was built in 1986 and consisted of 600 units and 290 RV spaces. It sold for $5,300,000.
Sold My 125th Property ABC Mini Storage in Chino Valley, AZ consisted of 115 storage units and 15 parking spaces. It sold for $240,000 to a local individual who will operate the property himself.
Sold My 124th Property America One Storage consisted of 495 units, 77 RV spaces, a moving company and a Mail & Ship company. It sold for $6,000,000 to an out of state buyer doing a 1031 exchange.