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.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription