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700 South Watson Road

Continental Realty Corp Acquires Sundance Towne Center Retail In Buckeye For $54.3M
SOLDRetail

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:

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

Jimmy Slusher

CBRE

Broker

$474.4M

vol

16 deals

Broker
CBRE
CBREBrokerage
Continental Realty Corporation
Continental Realty CorporationBuyer

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