Augusta Ranch retail purchased at $234 a square foot

Center's tenants all on triple-net leases

Brokerage Marcus & Millichap recently arranged the sale of Augusta Ranch Marketplace, an 80,247-square-foot shopping center in Mesa, Ariz., for a price of $18.7 million. Paulsen Armp LLC sold the property to TME Augusta Ranch LLC . Located at the southwest corner of Baseline and Crimson roads, the shopping center consists of four multitenanted retail buildings and one vacant parcel situated on 10.39 acres within the master-planned Augusta Ranch community. Built in 2005, the fully occupied Augusta Ranch Marketplace features 18 tenants, all with triple-net leases in place. Tenants include Allstate Insurance, Bashas' Supermarket, Data Doctor, Great Clips, Slim and Tone, and Tropical Smoothie Cafe, among others. ...