CBRE has completed the sale of Rancho El Mirage Plaza, ±20,130 square foot retail strip center in El Mirage, Ariz. The asset commanded a sale price of $3.07 million.
Andrew Fosberg, Cam Stanton and Molly Busch with CBRE’s Phoenix office represented the seller, El Mirage Partners, LLC of Portland, Ore. The buyer, Ladera Ranch, Calif.-based Casa Mirage Properties, LLC, was represented by Trent McCullough and Shari Tucker with Sperry Van Ness.
Built in 2005, Rancho El Mirage Plaza consists of two buildings at the northeast corner of Dysart and Thunderbird Roads. The retail center benefits from proximity to a Walmart Supercenter. The property, which was ±94.7 percent occupied at time of sale, offers a complimentary mix of tenants, including an Anytime Fitness and Little Smiles Dentistry.