350-001 70-411 MB2-700 400-101 MB2-702 70-410 MB2-703 200-120 70-461 C_TADM51_731 70-462 EX300 VCP-550 70-480 C_TAW12_731 70-484 70-498 70-646 98-361 98-366 A30-327 C_BOE_30 C_TSCM42_66 C2010-597 C2020-632 C2020-701 C2020-703 C2040-408 C2040-988 C2070-581 C2150-195 C2160-667 C2180-274 C4040-226 C4090-453 CAS-001 CSSLP C-TERP10-60 E20-018 E20-918 JN0-360 MSC-321 P2080-088 PC0-001 PEGACSA-v6.2 3I0-012 500-051 640-875 640-916 642-427 642-647 642-691 650-663 700-037 70-247

Shoppes at Sierra Vista sell for $2.4M just south of Tucson

Phoenix, Arizona – March 26, 2019 – SVN Desert Commercial Advisors is a comprehensive commercial real estate top brokerage firm in the State of Arizona.  Additionally, they have two of the top advisors and industry experts that work with shopping center investors.  Director of Retail Leasing & Sales Investments Rommie Mojahed and Senior advisor Beau Flahart started the year with a $6.9M sale of 8th Ave Shops and still continue to work with investors all across the country.

Most recently, they sold the Shops at Sierra Vista for $2,400,000 located at 439/465 N hwy 90 BYP in Sierra Vista, AZ which is about one hour southeast of Tucson.  SVN represented the seller in the sale but also had one lease space available which was approximately ten percent of the shopping center.  The advisors were able to secure a tenant to occupy this space which took the cap rate from a ± 8% to 9%.  This opened up the property for the seller, Barry Roth with Roth Partnership LLC, a long-time client of the advisors to sell the property. “Once the center was 100% leased it opened up the door for many buyers and was quickly in escrow.” said Beau Flahart.

The Pennsylvania buyer, Kwang Lee with INU Real Estate Management LLC was represented by another brokerage.  Flahart stated, “Persistence paid off with this property.” The seller is at a point of his where he is consolidating his assets.  “We have another exciting center in Mesa that we will be working on with them this year as well,” said Flahart.  The SVN advisors are well-known for their appearances at the International Council of Shopping Center conference across the country and will be making their annual appearance at the upcoming conference in Las Vegas, Nevada in May.  They have approximately forty combined active listings on the market from shopping center lease & sale investment opportunities to opportunity zone properties across the valley and land development opportunities in the southeast valley.

“Customer service is extremely important to me. Our clients are our #1 priority,” said Director Rommie Mojahed.  Seller Barry Roth stated, “Thank you for all your hard work on this one.”

SVN | Desert Commercial Advisors is a full-service commercial real estate services firm providing comprehensive expertise in investment brokerage, leasing, landlord/tenant representation, analysis/valuation and market research. We specialize in multifamily, retail, office, medical/dental, and restaurant property types. Visit our website at www.SVNDesertCommercial.com for more information.

###

Media Contact: Melissa Swader
melissa.swader@svn.com

Melissa Swader

Your Turn To Talk

Your email address will not be published.