Bershon Realty Company Acquires Mountain Ranch Marketplace From Kitchell Development Co. For $23M
9890 South Estrella Parkway
$23,000,000
$462/SF
Building Size
49,683 SF
Asset Type
Retail
Closing
Jan 19, 2026
AI
The property asset involved in the transaction is a retail space located at 9890 South Estrella Parkway, Goodyear, AZ. The sale occurred on January 19, 2026, with a total area of 49,683 square feet on a site encompassing 12.4 acres. The purchase price for this asset was $23,000,000, which corresponds to a price per square foot of $463.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23,000,000
- Address: 9890 South Estrella Parkway
- Market: Goodyear, AZ
- Asset Size: 49,683 sq ft
- Acres: 12.4
- Buyer: Bershon Realty Company
- Seller: Kitchell Development Co.
- Buyer's Representative: Bill Asher, Jeremy McChesney & Lee Csenar - Hanley Investment Group
- Seller's Representative: Ryan Schubert, Michael Hackett & Zach Aulick - CBRE
Hanley Investment Real Estate Advisors facilitated the sale, representing the buyer, Bershon Realty Company. The seller, Kitchell Development Co., was represented by CBRE. The shopping center boasts a 94.6% occupancy rate, featuring tenants such as AutoZone, Starbucks, and Subway.
Players
Goodyear Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93