Continental Realty Corp Acquires Sundance Towne Center Retail In Buckeye For $54.3M
700 South Watson Road
$54,300,000
$266/SF
Building Size
203,525 SF
Asset Type
Retail
Closing
Jun 18, 2025
AI
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
Buckeye Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93