$2.2 Million Sale of Commercial Land in Mesa

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Shops-at-Costco-SperryVanNessPhoenix, Arizona – Trenton McCullough and Shari A. Tucker-Gasser, Retail Investment Advisors in the Phoenix Sperry Van Ness office, represented the buyer, Sossaman Development LLC, in the $2.2 million ($10.20 psf) purchase of 4.95 acres of commercial land zoned LC, formerly known as C-2, in the City of Mesa.

Located just north of Costco on the hard corner of Sossaman Road and Hampton Avenue in Mesa, AZ.  Sossaman Development LLC has plans to develop and sell or lease pads for a multi-tenant retail building and two freestanding single tenant retail buildings along Sossaman Road.

 “This is a great location for a breakfast/coffee user as it is on the West side of Sossaman Road and in the path of morning traffic flow to highway US-60.” said Trenton McCullough. “It is also a great location for a fast food user, banks or general retail users that can benefit from the adjacent Costco’s foot traffic.”                             

The seller, Buttercup Investments IV, LLC was represented by Paul Serafin and Chris Corso of De Rito Partners.

McCullough and Tucker-Gasser should be reached at (480) 425.5500. Serafin and Corso should be contacted at (480) 834-8500.