MESA, AZ – Nick Miner, CCIM of ORION Investment Real Estate, reports representing the buyer of the two retail property portfolio in Mesa, Arizona. One property was located at 1860 N Country Club and the other was located at 731 E McKellips. Total building size of both properties was +/-7,400 square feet and total consideration paid was $2.1 million ($284 PSF).
Mesa is the third-largest city in Arizona after Phoenix and Tucson, the 37th-largest city in the US, and the largest city that is not a county seat. The city is home to 504,258 people as of 2020 according to the Census Bureau, which makes it more populous than Minneapolis, St. Louis, and Miami. Mesa has been described as "America's most conservative city."
Nick Miner, CCIM, Senior Vice President at ORION commented, “This was a great opportunity for my client. This allowed them to expand their laundry business as well as acquire the real estate as part of the acquisition.” Miner went on, “I have had the opportunity to help my client for over 20 years. I’m very appreciative of the long-standing relationship we have and looking forward to continued acquisitions as they expand.”
Buyer, JAX Real Estate, LLC, was represented by Nick Miner, CCIM of ORION Investment Real Estate.
Seller, Quesadilla Bule, LLC, was self-represented.
PHOTOS: 1860 N Country Club (left) 731 E McKellips (right)