Macerich Sells Flagstaff Retail Property For $23.5M With Faris Lee Investments As Brokers

The retail property located at 4751 East Marketplace Drive in Flagstaff, AZ has been sold in a closed transaction. The property, with a total square footage of 268,000, was sold for a price of $23,500,000, resulting in a price per square foot of $88. The seller of the property was Macerich.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $23,500,000
• Address: 4751 East Marketplace Drive, Flagstaff, AZ
• Market: Flagstaff, AZ
• SF: 268,000
• PPSF: $88

The transaction was facilitated by the brokers Don MacLellan, Jeff Conover, and Scott DeYoung from Faris Lee Investments, representing the seller, Macerich.