8th Ave Shops in Mesa, Ariz. sells for $5.22 Million to grocery store chain investor

A little tender, love, and care is what any self-managed Food City anchored center needs and this particular property is no different. This 86,444 square-foot property located at 810 & 856 S. Alma School Rd. in Mesa, AZ.  has an extreme amount of potential, but unfortunately the seller did not want to spend a lot of time investing in the time, money, and energy that was needed to put into the property. Ultimately, he agreed to sell this off market at a fair price.  The property just recently sold at $5,220,000 to Cole Valley Partners out of San Francisco, Calif.

8th Ave Shops

Associate Advisor, Beau Flahart with Sperry Van Ness, LLC in Phoenix connected with the buyer, Zach Bonsall with Cole Valley Partners because they had recently closed on a similar Food City anchored property and were looking for another opportunity. After reviewing the purchase details of the 8th Ave Shops, they were very interested and excited to move forward.  “Zach Bonsall with Cole Valley Partners was an absolute pleasure to work with. He was extremely diligent throughout the entire process and is a very honorable and trustworthy person. I look forward to working him and Cole Valley Partners again in the future,” Flahart stated the entire process was communicative and that everyone has very high expectations for the 8th Ave Shops now that the new owners are in place.   Directors of Retail Sales & Leasing for Sperry Van Ness, LLC, Rommie Mojahed and Mary Ridberg represented the seller in this transaction as well.

 

Flahart has continued to proven his success by establishing business relationships that compete with none. “Beau is an honest person who was able to deliver.  It is rare to find someone like that,” Bonsall described his honest character throughout the entire process.  Flahart has been recognized at Sperry Van Ness, LLC as someone who is at the top of his game, closing more than $12.9 million dollars in total deal transactions in 2015 and there are still two months to close out the end of the year. Flahart describes this simple rule as “do your homework to find the right client and the process will be infinitely easier.”  In short, he works passionately for his clients!

 

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