Scottsdale firm facilitates deal of Anthem asset at Daisy Mountain Plaza
Staff Reports | Digital Free Press
Diversified Partners facilitated the sale of Daisy Mountain Plaza, a 5,138-square-foot retail space home to Starbucks and DECA Dental.
The plaza, found atop 1.62 acres along Daisy Mountain Drive at 39422 N. Daisy Mountain Drive in Anthem, sold for $4.5 million to an all-cash buyer at an aggressive 4.6 cap rate, according to a press release.
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, experts say. Emma Barreca and Marti Weinstein represented Diversified Partners, the release states.
“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 Mr. Weinstein in a prepared statement..
Diversified Partners, representatives of the brand say, provides comprehensive services in the areas of asset management, landlord or tenant representation, construction management, property management, investment management, consulting and brokerage.
