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Phillips Edison & Co. Acquires Apache Shoppes Retail Center In Rochester For $6.4M

Property Image
SOLD
$6,400,000

Minnesota

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Retail42,450 SF
Sold 11/30/2023
the dealplayerscompscontact
Property Image
SOLD

Phillips Edison & Co. Acquires Apache Shoppes Retail Center In Rochester For $6.4M

Retail42,450 SF
Sold 11/30/2023
the dealplayerscompscontact
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$150
Total Square Footage:42,450 SF
Transaction Type:Sale

Phillips Edison & Co. has acquired the Apache Shoppes retail center in southwest Rochester, MN for a sale price of $6,400,000. The property, located at US Highway 52 & US-14, consists of a 42,450 square foot retail space. The sale price per square foot is $151, reflecting the value of the transaction.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $6,400,000
  • Address: US Highway 52 & US-14, Rochester, MN
  • Market: Rochester, MN
  • Buyer: Jeff Edison - Phillips Edison & Co.
  • Seller: Mitchell A. Sabshon - Inland Real Estate Corp
  • Square Footage: 42,450
  • Price per Square Foot: $151

The buyer, Jeff Edison, represents Phillips Edison & Co. in the transaction. On the other hand, Mitchell A. Sabshon represents Inland Real Estate Corp as the seller. This acquisition includes the Apache Shoppes retail center, which features popular establishments such as Trader Joe's and Hot Chip.

Players

JE
Jeffrey S. Edison
7 deals$111.9M volume
BUYER
PC
Philips Edison & Co.
BUYER

Details

SOLD
IMAGE: Jeff Edison & Mitchell A. Sabshon DATE: 11/30/2023 ADDRESS: US Highway 52 & US-14 MARKET: Rochester, MN ASSET TYPE: Retail BUYER: Jeff Edison - Phillips Edison & Co. SELLER: Mitchell A. Sabshon - Inland Real Estate Corp SALE PRICE: $6,400,000 SF: 42,450 ~ PPSF: $151 NOTE: Phillips Edison & Co. has acquired the Apache Shoppes retail center in southwest Rochester, featuring Trader Joe's and Hot Chip, in a $6.4 million deal.

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