Diversified Partners, the leading Scottsdale real estate brokerage and development company, announced today that it has facilitated the sale of Daisy Mountain Plaza, a 5,138-square-foot retail space home to Starbucks and DECA Dental.
The plaza, located on 1.62 acres at 39422 N. Daisy Mountain Drive, Anthem, Ariz., sold for $4.5 million to an all-cash buyer at an aggressive 4.6 cap rate. A cap rate is calculated by net operating income divided by the sales price of the asset. It shows the potential rate of return on a real estate investment.
The sale, which closed on Oct. 20, sold in just 45 days. Emma Barreca and Marti Weinstein represented Diversified Partners.
“In a climate of rising interest rates and cap rates, it’s important to work with a team that can get the job done. We pride ourselves on setting records, pushing value and surpassing our client goals,” said Weinstein.
Experts in the industry, Diversified Partners, provides comprehensive services in the areas of asset management, landlord or tenant representation, construction management, property management, investment management, consulting and brokerage.
For more information and to view all projects in progress, visit www.dpcre.com.
About Diversified Partners
Diversified Partners is an Arizona-based commercial real estate brokerage and development company that offers a wide range of services for tenants, property owners, investors, and developers in all facets of real estate. As experts who know the land, the business and the real estate marketplace, Diversified Partners provides comprehensive services in the areas of asset management, landlord or tenant representation, construction management, property management, investment management, consulting, and brokerage. Learn more at www.dpcre.com. Follow Diversified Partners on Facebook, Instagram and Twitter @dpcre.
Photos courtesy of Diversified Partners