Lender Owned Dove Mountain Retail Center Sells for $6 Million

Dove MOuntain Center — 12000 – 12130 N Dove Mountain Blvd, Marana

The Dove Mountain Retail Center, an upscale neighborhood shopping center at 12000 – 12130 N Dove Mountain Blvd in Marana, at the northeast corner of Tangerine Road and Dove Mountain Blvd, sold by lender for $6 million ($72.77 PSF) in an REO sale. The former grocery-anchor space and inline shops total 82,450-square-feet (built 2006) on 13.72 acres.

The Dove Mountain Retail Center includes shops such as Wells Fargo, Walgreens, Vero Amore, Plexus Pilates, Dove Mountain Cleaners, Northwest Medical Center, Long Realty, and Dove Mountain Grill.

Dove MOuntain Center aerial — Dove Mountain Center Aerial

Available at time of sale was the 54,727-square-foot anchor and 28,407-square-feet of inline space. The property was 26% leased at time of sale.

Mindy Korth, executive vice president, and Kirk Kuller, vice president, both of Colliers International, represented the seller. Paul Schloss of Bourne Advisory Services, LLC of Tucson represented the buyer.

To learn more Korth and Kuller can be reached at 602.222.5000 and Schloss is at 520.323.1005.