The sale of Lindsay Corners, a 25,181 square foot shopping center built in 1987 was recently recorded. The location of the property is the NWC of Main & Lindsay in Mesa, Arizona. The property sold to Sayaco Partnerships from Los Angeles, CA as part of a 1031 exchange. The seller was Genesis Lindsay and Main LLC. The sales price was $1,235,000, which equates to $49 per square foot. The building was 73% occupied at closing. The buyer plans to remodel and re-lease the center.
Mark Rein of Rein & Grossoehme represented the seller. Mark Rein specializes in the sale of shopping centers and has sold 89 such properties over the years. For more information regarding the above listed transaction, contact Mark Rein at 480-214-9414 or Mark@RGcre.com.
Specializing in commercial real estate for over 20 years, Rein & Grossoehme is consistently recognized as a market leader in Arizona and provides services in retail leasing and sales, office leasing and sales, industrial leasing and sales, land and pads, self storage properties, multi-family properties, single tenant triple net leased properties, and tenant representation.