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Continental Realty Corp Acquires Sundance Towne Center Retail In Buckeye For $54.3M
SOLD
$54,300,000
+ 1
Arizona
See Similar DealsRetail203,525 SF
Sold 06/18/2025
SOLD
Continental Realty Corp Acquires Sundance Towne Center Retail In Buckeye For $54.3M
700 South Watson Road
See Similar DealsRetail203,525 SF
Sold 06/18/2025
+ 1
Summary
ARIZONA
Asset Type:Retail
Price Per Square Foot:$266
Total Square Footage:203,525 SF
Transaction Type:Sale
Continental Realty Corp acquired a retail asset located at 700 South Watson Road in Buckeye, AZ. The property encompasses 203,525 square feet and was purchased for $54.3 million, resulting in a price per square foot of $267.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $54,300,000
- Sale Date: 06/18/2025
- Seller: Shin Yen Management
- Buyer: Continental Realty Corp
- Brokers: Michael Hackett, Jimmy Slusher, Ryan Schubert & Zach Aulick - CBRE
The transaction involved key representation from brokers Michael Hackett, Jimmy Slusher, Ryan Schubert, and Zach Aulick from CBRE, who facilitated the deal between the buyer and seller, ensuring a successful completion of the acquisition.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,896,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$192,916.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$257,409.70
Annual Debt Service$3,088,916.43
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