Just Sold

Via Linda Place Retail Shopping Center

The sale of Via Linda Place, a 24,385 square foot shopping center built in 1987 was just recorded.  The location of the property is the southeast corner of 90th Street & Via Linda in Scottsdale, Arizona.  The property sold to Ocean Breeze- Dawn LLC, a Colorado LLC as part of a 1031 exchange.  The seller was Ed Rapee.  The sales price was $4,959,733, which equates to $203 per square foot.  The building was 100% occupied at closing. The center is anchored by Ace Hardware and also included two freestanding pad buildings leased to Hallmark Cards and Akita Sushi. The buyer plans to do a major renovation of the center and rename it to Via Linda Crossroads.

Mark Rein of Rein & Grossoehme represented the seller and the buyer.  Mark Rein specializes in the sale of shopping centers and has sold 90 such properties over the years. For more information, contact Mark Rein at 480-214-9414.

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.

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