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 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.
