Echoes Church Acquires Former Macy’s Property At Superstition Springs Mall For $5M
6535 East Southern Avenue
$5,000,000
$32/SF
Building Size
155,254 SF
Asset Type
Retail
Closing
Sep 30, 2026
About this deal
AI
The retail property at 6535 East Southern Avenue in Mesa, AZ has been sold for $5 million. This asset encompasses 155,254 square feet and spans 12.9 acres, featuring 966 parking spaces. The transaction reflects a price per square foot of $32.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 6535 East Southern Avenue
- Market: Mesa, AZ
- SF: 155,254
- PPSF: $32
- Acres: 12.9
- Buyer: Echoes Church
- Broker: Chad Shipley - CRE8 Advisors
Echoes Church is acquiring the former Macy’s property located at Superstition Springs Mall. The property is currently undergoing a multimillion-dollar remodel to facilitate a planned opening in late 2028.
On the Map
$5,000,000
$32/SF
Retail
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Players
Mesa 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93