California investor buys Park Sedona Plaza
Arizona property anchored by Safeway, McDonald's
By Inman News, Wednesday, March 10, 2004.Inman News®
Marcus & Millichap brokered the sale of the 98,772-square-foot Park Sedona Plaza, a grocery-anchored neighborhood center in Sedona, Ariz.
The value of the transaction was $11.6 million.
Park Sedona Plaza is located at 2370 W. Highway 89A on 8.2 acres. Anchors include Safeway, Rite Aid, McDonald's and World Savings.
At the time of sale, occupancy was 100 percent.
Scottsdale, Ariz.-based PS Investments LLC sold the property to Pasadena, Calif.-based SKS Development Co.
Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.
Send a comment or news tip to our newsroom.
Please include the headline of the story.
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
You must login or register to post a comment.