Monday, April 1, 2019 / by Juan Grimaldo
(Image: Provided by SVN Desert Commercial Advisors)
The Shops at Sierra Vista sold to a Pennsylvania investor.
Planned self-storage in Cave Creek
Scottsdale-based 1784 Capital Holdings LLC, a developer of high-end self-storage facilities, purchased 5 acres at 4725 E. Dynamite Blvd. in Cave Creek, northeast of Phoenix. The purchase price was $1.075 million.
“This area in the northern portion of metro Phoenix is one of the fastest growing in the state,” said Shane Albers, chairman and CEO of 1784 Capital Holdings, in a statement. “As residential and business growth continues to expand in the area, we see an opportunity to provide much-needed, high quality storage facilities. We provide a superior customer experience, unparalleled amenities, cleanliness and security.”
P & G Properties LLC of Peoria was the seller.
Completion of the new self-storage facility is planned for first-quarter 2020.
(Image: Provided by 1784 Capital Holdings LLC)
An artist's rendering shows the planned self-storage facility that will be built in Cave Creek.
North Scottsdale land bought
Chandler medical lease
Sierra Vista retail sold
The Shops at Sierra Vista has been sold to a Pennsylvania buyer for $2.4 million.
Rommie Mojahed and Beau Flahart of SVN Desert Commercial Advisors represented the seller, Barry Roth of Roth Commercial Properties for the sale of the building, located in Sierra Vista. The buyer was Kwang Lee with INU Real Estate Management.
Flahart and Mojahed are also working with Roth to market one of his assets in Mesa.