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| July 19, 2012 |
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| MONTEBELLA VILLAS APARTMENTS SELL FOR $3M |
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PEORIA, ARIZ. -- Montebella Villas Apartments in Peoria has sold to WE Villas at Montebella, LLLP for $2.95 million. The community is located at 10860 N. 85th Ave. The buyer was represented by Linda Gerchick of the Robinson Group. The seller, Montebella Villas, LLC, was represented by David Cravath of NAI Horizon’s Phoenix office.
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| CIRCLE K PROPERTY IN PHOENIX SELLS FOR $2.3M |
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PHOENIX – A 3,078-square-foot property in Phoenix that is occupied by a Circle K Gas & Convenience store has sold to a family trust for $2,285,000. The single-tenant, triple-net leased retail property was built in 1987 at 1901 West Cactus Road. The transaction closed at a 7.35 percent cap rate. The buyer was represented by Jon Boland of Voit Real Estate Services in San Diego. The seller, D.E.E Holdings, was represented by Chris Maling and David Maling of Colliers International.
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| FAMILY DOLLAR LEASES SPACE IN FRESNO |
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FRESNO, CALIF. – Family Dollar has leased 11,016 square feet of retail space in Fresno. The new location resides at 4027 N. Marks Ave. The property’s landlord is Lanmark Plaza, LLC. The transaction was executed by John Lee and Lewis Smith of Retail California.
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