Rommie Mojahed, Mary Ridberg and Beau Flahart represented the buyer in the sale of a 37,171 SF shadow anchored retail center known as Continental Plaza for $2.1M. The busy retail center is located at 855 W. University Dr., in Mesa, Ariz.
The seller, Geyser Management, LLC, was represented by Jan Fincham of Lee & Associates. The 1031 Exchange, all cash buyer was California Asset Portfolio, Inc. The transaction was negotiated and closed in seven days.
“We are happy we successfully assisted our client with his 1031 requirements,” said Rommie Mojahed. “Instead of paying taxes, our client has reinvested in a great property with tremendous upside.”
