April 24, 2024 12:28 am
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Phoenix Shopping center trades for all cash deal

The transaction includes the 132,314-square-foot shopping center space, 4 developable pads and a 6.6 acre parcel for future retail development.
The transaction includes the 132,314-square-foot shopping center space, 4 developable pads and a 6.6 acre parcel for future retail development.

By Kristian Seemeyer | Globe St..com

The South Mountain Crossing shopping center at 3636 W. Southern Ave. in Phoenix, sold for $11,172,825, or $84 per square foot in an all cash, value-add investment sale.

The transaction includes the 132,314-square-foot shopping center space, 4 developable pads and a 6.6 acre parcel for future retail development.  Lee & Associates Arizona Fincham/Dempsey Investment Team, led by principals Jan Fincham and Pat Dempsey, facilitated the transaction on behalf of both the owner, RN South Mountain Properties, LLC and the buyer, South Mountain Retail, LLC.

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