Continental Ranch Shopping Center sold for $3.4 Million

MARANA, ARIZONA — Continental Ranch Shopping Center at 8235-8245 N Silverbell Rd., Marana, AZ on the corner of Wade Rd. and Silverbell Road in Marana sold to 2908 RT. 130, LLC for $3,386,733 ($157 PSF). The 21,600-square-foot Multi-tenant retail center received an offer within the first week of being listed and was 93% occupied.

John Barnes & Spencer O’Donnell of Colliers International in Phoenix and Gary Heinfeld, CCIM and Ryan W. Heinfeld, CCIM of Advisors in Real Estate, Inc. represented the seller, CJR at Continental Ranch LLC, with Dylan Brown and Andrew Fosberg of CBRE representing the investor.

The Continental Ranch Shopping Center in Marana is very active. Tenants include: Pizza Hut, Psychosomatic Fitness, The Station Restaurant, Sweet Smiles Family Dentist, Foot Massage, a Barber Shop, BTO Yogurt, Feisty Studios Hair Salon, State Farm Insurance, Rincon Ventures Property Management, and an office for a hospice care firm.

The Town of Marana is now the third fastest growing city in Arizona and multiple offers were received on the property.

This is the third multi-tenant retail center in the area sold by Gary Heinfeld, CCIM and Ryan W. Heinfeld, CCIM. Another property listed by them has also garnered multiple offers.

For more information, Gary and Ryan Heinfeld should be reached at 520.299.0700 and Dylan Brown can be contacted at 602.735.1714.