North Creek LLC Acquires Retail Property From Michael H. Mugel In Phoenix For $1.6M | 12831 North Cave Creek Road | Jonathan Selznick | Retail | Sale

Summary

Sale

ARIZONA

Retail

11,174 sqft

The retail property located at 12831-12839 North Cave Creek Road in Phoenix, AZ, was sold for $1.6 million. The asset spans 5,587 square feet and was fully occupied by four tenants at the time of the transaction.

Summary of transaction details:

Property Type: Retail
Transaction Amount: $1,600,000
Buyer: North Creek LLC
Seller: Michael H. Mugel - Red Mountain Group
Broker: Jonathan Selznick - Lee & Associates
SF: 5,587
Price per Square Foot: $286
Address: 12831-12839 North Cave Creek Road, Phoenix, AZ
Market: Phoenix, AZ

The sale of the shopping center was facilitated by Jonathan Selznick of Lee & Associates, representing the seller, Red Mountain Group based in Orange County, California.

Players

All
2

Agents
1
Agencies
1

Jonathan Selznick

Senior Vice-President & Principal

$1.6M Sold

Lee & Associates

Details

Deal Summary

SOLD

IMAGE: Michael H. Mugel & Jonathan Selznick DATE: 03/05/2024 ADDRESS: 12831-12839 North Cave Creek Road MARKET: Phoenix, AZ ASSET TYPE: Retail BUYER: North Creek LLC SELLER: Michael H. Mugel - Red Mountain Group BROKER: Jonathan Selznick - Lee & Associates SALE PRICE: $1,600,000 SF: 5,587 ~ PPSF: $286 NOTE: Red Mountain Group, headquartered in Orange County, California, finalized the sale of a shopping center in Phoenix to North Creek LLC for $1.6 million. The 5,587-square-foot property, fully occupied by four tenants, is situated at 12831-12839 N. Cave Creek Road in Phoenix, with Jonathan Selznick of Lee & Associates representing the seller in the transaction.

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Address12831 North Cave Creek Road

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