PHOENIX, AZ – Nick Miner, CCIM of ORION Investment Real Estate, reports selling a fully leased retail strip center in Sun City, Arizona for $2,675,000.00, or $270 per-square-foot.
Sun City is in the “west valley” of the Phoenix metropolitan area and is an unincorporated, age restricted city. There is no city sales tax and the cost to operate Sun City, Arizona is considerably less than other cities with a higher population. Sun City is host to a number of arts festivals, neighborhood parties, musical concerts, and special events. The city has parks, trails, recreation centers, golf courses, a open-air amphitheater, and dozens of activities and social clubs.
Nick Miner, CCIM, Senior Vice President at ORION commented, “This is the first of several properties that I am selling for the owner.” Miner further went on, “The owners have been long time clients of mine and have decided it was time to liquidate their real estate holdings.”
Seller, Max Taylor & Company, LLC, was represented by Miner of ORION Investment Real Estate.
Buyer, Sun Bell Plaza, LLC, was represented by Mike Milic of Colliers.