Shoppes at Sierra Vista Sell for $2.4 Million Near Tucson

Phoenix, Ariz. – SVN Desert Commercial Advisors is a comprehensive commercial real estate top brokerage firm in the State of Arizona.  Additionally, they have two of the top advisors and industry experts that work with shopping center investors.  Director of Retail Leasing & Sales Investments Rommie Mojahed and Senior advisor Beau Flahart started the year with a $6.9M sale of 8th Ave Shops and still continue to work with investors all across the country.

Most recently, they sold the Shops at Sierra Vista for $2,400,000 located at 439/465 N hwy 90 BYP in Sierra Vista, AZ which is about one hour southeast of Tucson.  SVN represented the seller in the sale but also had one lease space available which was approximately ten percent of the shopping center.  The advisors were able to secure a tenant to occupy this space which took the cap rate from a ± 8% to 9%.  This opened up the property for the seller, Barry Roth with Roth Partnership LLC, a long-time client of the advisors to sell the property. “Once the center was 100% leased it opened up the door for many buyers and was quickly in escrow.” said Beau Flahart.

The Pennsylvania buyer, Kwang Lee with INU Real Estate Management LLC was represented by another brokerage.  Flahart stated, “Persistence paid off with this property.” The seller is at a point of his where he is consolidating his assets.  “We have another exciting center in Mesa that we will be working on with them this year as well,” said Flahart.  The SVN advisors are well-known for their appearances at the International Council of Shopping Center conference across the country and will be making their annual appearance at the upcoming conference in Las Vegas, Nevada in May.  They have approximately forty combined active listings on the market from shopping center lease & sale investment opportunities to opportunity zone properties across the valley and land development opportunities in the southeast valley. 

“Customer service is extremely important to me. Our clients are our #1 priority,” said Director Rommie Mojahed.  Seller Barry Roth stated, “Thank you for all your hard work on this one.” 

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