The anchor building at 4519 E Cactus Road, just across from Paradise Valley Mall, sold Thursday for $10.4 million, or $153 per square foot. Scottsdale investor Pavo Milicevic is the new owner of the property, of which a portion is currently net leased to home furnishings retailer "Homegoods". The other 34,408 square feet is currently vacant.
Adjacent tenants to the anchor include "Party City", "TJ Maxx", "Sally Beauty Supply", and "Audio Express", as well as nearby "IHOP" and "McDonalds" restaurants. The sale was funded by a $4.5 million loan with Wells Fargo Bank.
For more information on this property including complete lease information, history, and buyer/seller contacts, visit us at our website or send us an email. We're happy to hear from you!