A Mesa retail center, The Shops at Fry’s Marketplace, was sold for $4.825 million, according to  NAI Horizon, which represented the buyer in the deal.

KEB Investments LLC sold the property, located near McKellips Road and Stapley Drive, to Stapley & McKellips Investors LCC. The NAI Horizon investment sales team of Senior Vice Presidents Lane Neville and Barbara Lloyd represented the buyers, Stapley & McKellips Investors LCC.

“The acquisition of this retail shop space represents a solid investment opportunity for our buyer in a strong market with a great grocery anchor,” Neville said. “It is hard to find an off-market opportunity like this asset with quality upside.”

The retail shops are located in two separate buildings totaling 20,669 square feet. The retail center was built in 1996 and is zoned C-2 City of Mesa. The infill retail location is anchored by Fry’s Marketplace.

The property is two miles from the Loop 202 freeway, at the Southeast corner of Stapley Drive and McKellips Road. Tenants include Starbucks, Subway, H&R Block, Cricket Wireless, and Supercuts.