$5M+ Deals – High-end retail center in Scottsdale, $7.9M storage complex in QC

Below are the deals closed Tuesday and Wednesday, March 24-25, 2015, in Maricopa County over $5 million according to the Maricopa County Recorder. The Rose Law Group Reporter has not independently verified these transactions.

$15 million sale of a retail center on the northeast corner of Scottsdale Road and Highland Avenue (4821 N. Scottsdale Road) by Ras Scottsdale Road LLC.

Business Real Estate Weekly has reported the center is located east of Scottsdale Fashion Square, with a number of high-end tenants.

For more information, click here.

An affidavit was not available for this property.

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$7.9 million sale of Omni Mini Storage near the southeast corner of S. Recker and E. Riggs road (17635 E. Riggs Road) in Queen Creek by Omni Riggs & Recker Self Storage LLC, an entity Omni American LLC, a full-service commercial real estate brokerage firm, according to their website.

The buyer was Malvern, Penn.-based Cube Smart LP, a real estate company focused on the ownership, operation, acquisition and development of self-storage facilities throughout the United States, according to their website.

The 114,523 square-foot storage complex was built in 2013 on 4.2 acres.

To view the affidavit, click here.

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