Sewell Trust Acquires Retail Property In Prescott For $10.5M

An investor based in Montana, Sewell Trust, has acquired a corporate headquarters building in Prescott, Arizona through a sale-leaseback transaction. The property, located at 2620 Deep Well Ranch Road, spans a total of 50,135 square feet. The sale price for the retail asset was $10.5 million, resulting in a price per square foot of $209. The property was purchased from CP North America.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,500,000
• Address: 2620 Deep Well Ranch Road
• Market: Prescott, AZ

The sale-leaseback transaction was facilitated by Eric Wichterman and Mike Coover from Cushman & Wakefield. Acting as representatives for the buyer, Sewell Trust, the brokers oversaw the deal on their behalf.

Cushman & Wakefield played a crucial role in overseeing the sale-leaseback transaction of the corporate headquarters building in Prescott. Through this deal, Sewell Trust, a Montana-based private investor, acquired the property from CP North America for $10.5 million. The property, located at 2620 Deep Well Ranch Road, has a total area of 50,135 square feet and is primarily used for retail purposes.