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May 22, 2019
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RETAIL NEWS
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AZ Retail Asset Sells for $160/sf

2/26/19

In a recent AZ retail trade, Roca Vista LLC purchased Scottsdale Ridge, a 15.6k sf retail center in Scottsdale, for $2.5 mil ($160/sf). The value-add opportunity is located at 21811 N. Scottsdale Rd, at the northeast corner of Scottsdale and Deer Valley Roads.

Built in 2007, Scottsdale Ridge is 70% leased to Foothills Sports Medicine, Lavish Nails and Spa and NU Image Salon. The 1.67-acre multi-tenant retail center is situated with frontage along Scottsdale Road and has a drive-thru opportunity available.

Chris Hollenbeck of Cushman & Wakefield represented the seller, Scottsdale Ridge Property Retail LLC. Chris Campbell, also with C&W, has been hired to retain the leasing for Scottsdale Ridge.





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