Skip to content

Call Us Today
(520) 877-2656

  • Home
  • Sales
    • 1st Quarter Sales
    • 2nd Quarter Sales
    • 3rd Quarter Sales
    • 4th Quarter Sales
  • Leases
  • Advertise
  • Subscribe
  • Listings
  • Login
Menu
  • Home
  • Sales
    • 1st Quarter Sales
    • 2nd Quarter Sales
    • 3rd Quarter Sales
    • 4th Quarter Sales
  • Leases
  • Advertise
  • Subscribe
  • Listings
  • Login

New Payson Retail Development Sells for Full Asking Price

  • Home
  • Archive
  • New Payson Retail Development Sells for Full Asking Price
Archive
/
November 7, 2016
/
Heart and Soul Web Design
image_pdfimage_print

payson-ctrPAYSON, AZ – ORION Investment Real Estate is proud to announce the sale of the new, three-tenant development for $2,614,400 ($520 PSF). The newly constructed building includes: Five Guys Burgers and Fries, Dunkin' Donuts and Little Caesars.

This three-tenant, new construction is situated at the signalized intersection of Beeline Highway and Bonita Street in Payson, Arizona. The site is within walking distance to Walmart Supercenter, Safeway Grocery, Bashas', Bealls Outlet, AutoZone, and a plethora of other well-known retail tenants.

Josh Simon, President at SimonCRE, said, "We were happy to develop a property that will serve the Payson community as it continues to grow. This highly visible retail location is a great addition to the Payson retail scene for both visitors and residents."

Nick Miner, CCIM, Senior Vice President at ORION Investment Real Estate, represented the Seller in this transaction. Miner said, "We received multiple offers on the property and it ended up closing for full asking price. The building was under construction during the marketing period, opening for business in June and finishing completion in October of this year. This was a pride of ownership opportunity for the new owner."

The Seller in this transaction was SimonCRE and the Buyer was Shipp Holdings LLC, both locally-based.

 

Share Now!

Recent Posts

  • Tucson Rent Report: October 2023
  • Harvard Investments acquires 1,864-acre King Ranch in Goodyear, AZ
  • PACC teams up with BISSELL Pet Foundation to “Empty the Shelters”
  • Black Rock Coffee Bar Expands Presence in Arizona with Grand Opening of New Gilbert Location
  • Consumer Confidence Falls Again in September

Archives

Newsletter

  • 1st Quarter Sales
  • 2020 SoAZ Forecast Competition
  • 2nd Quarter Sales
  • 3rd Quarter Sales
  • 4th Quarter Sales
  • 5905 East Speedway Blvd, Tucson, AZ
  • Account
  • Advertising
  • Annual Site Access Conditions
  • Archives
  • ASP Test
  • displaycomp
  • Executives Prefer CCIM
  • HELP WANTED
  • Home
  • Ina Capital Development
  • Link Page
  • Login
  • MARKET LEADERS – CCIM DESIGNEES
  • Newsletter Subscription
  • Pima County Real Estate Research Council
  • Privacy Policy
  • RED Comps Terms and Conditions
  • Red Leases
  • Registration-Login
  • rss
  • Sample RED Comps
  • Search Comps
  • searchanalytics
  • searchmapselection
  • searchresults
  • searchshortreport
  • SearchTool
  • Southgate Commerce Park
  • Subscription
  • Team Management
  • Terms of Service
  • Test
  • Test Comp Search
  • Thank You
  • Thank You For Subscribing
  • www.realestatedaily-news.com Privacy Policy
  • About Real Estate Daily News

Copyright © 2023 Real Estate Daily News
Website by: Heart and Soul Web Design

Scroll to Top