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Sterling Organization And Cohen & Steers Income Opportunities REIT Acquire Deer Valley Towne Center For $18.85M

Property Image
FINANCED
$18,851,000
Richard Henry
Brian Linnihan
Michael (Mikey) Bryant
+ 2

Arizona

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Retail317,256 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

Sterling Organization And Cohen & Steers Income Opportunities REIT Acquire Deer Valley Towne Center For $18.85M

2805 Agua Fria Freeway

See Similar Deals
Retail317,256 SF
Financed
Richard Henry
Brian Linnihan
Michael (Mikey) Bryant
+ 2
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:Retail
Price Per Square Foot:$59
Total Square Footage:317256 SF
Transaction Type:Loan

A retail asset, located at 2805 Agua Fria Freeway & 3053 Agua Fria Freeway, has a total square footage of 158,628 and is situated in the Phoenix, AZ market. The acquisition financing for this property amounted to $18,851,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $18,851,000
  • Asset Size: 158,628 SF
  • Address: 2805 Agua Fria Freeway & 3053 Agua Fria Freeway
  • Market: Phoenix, AZ
  • Landlord: Sterling Organization & Cohen & Steers Income Opportunities REIT
  • Loan Type: Acquisition

CBRE was instrumental in securing the acquisition financing, with Richard Henry, Brian Linnihan, Michael Bryant, Mike Ryan, and Shaun Moothart representing the broker side of the transaction for Sterling Organization and Cohen & Steers Income Opportunities REIT.

Players

Shaun Moothart
CBRE
Shaun Moothart
21 deals$793.5M volume
BROKER
Michael (Mikey) Bryant
CBRE
Michael Bryant
5 deals$172.3M volume
BROKER
Brian Linnihan
CBRE
Brian Linnihan
25 deals$1.5B volume
BROKER
Richard Henry
CBRE
Richard Henry
22 deals$1.2B volume(404) 610-6916
BROKER
Mike Ryan
CBRE
Mike Ryan
20 deals$1.1B volume(703) 217-4526
BROKER
CBRE
CBRE
BROKERAGE
Sterling Organization
Sterling Organization
LANDLORD
CS
Cohen & Steers
LANDLORD

Details

FINANCED
IMAGE: 11/05/2025 ADDRESS: 2805 Agua Fria Freeway & 3053 Agua Fria Freeway MARKET: Phoenix, AZ ASSET TYPE: Retail ~ SF: 158,628 LANDLORD: Sterling Organization & Cohen & Steers Income Opportunities REIT BROKERS: Richard Henry, Brian Linnihan, Michael Bryant, Mike Ryan & Shaun Moothart - CBRE LOAN AMOUNT: $18,851,000 LOAN TYPE: Acquisition NOTE: CBRE secured $18.85 million in acquisition financing for Sterling Organization and Cohen & Steers Income Opportunities REIT to acquire Deer Valley Towne Center, a 158,628‑sf power center in Phoenix.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$18,851,000.00

Monthly NOI$125,673.33
Monthly Debt Service$119,151.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00