NEC Southern & Val Vista, Mesa, AZ
|12 months later|
|Price per SF||$155||$217|
|Cap Rate||8.13 (A)||6.62 (A)|
(A) = Cap rate based on actual income at stated occupancy
Shadow anchored shopping center on both sides of a Safeway. I successfully represented the buyer in the first transaction in a very competitive environment with over ten offers. The buyer followed my bidding instructions and got the deal. I relisted the center for sale and it closed escrow 12 months later to take advantage of capital gains treatment. I was instrumental in helping the buyer make a quick $1,850,000.