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December 11, 2019
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TEXAS/SOUTHWEST NEWS
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AZ Retail Center Sells for $220/sf

11/14/19

Mountain Vista Plaza, a 64.1k sf retail center in Surprise, AZ, sold for $14.125 mil, or $220/sf. The property is located at the southwest corner of Bell and Reems Rd in Surprise.

Built in 2006, Mountain Vista Plaza is anchored by the top performing Planet Fitness in the state of Arizona. The fully redeveloped shopping center is 93.5% occupied.

Ryan Schubert and Michael Hackett of Cushman & Wakefield represented the seller, an entity formed by Boarder Capital. The buyer was MIRAJH LLP, out of Saskatoon, SK, Canada.




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