Shopoff Realty Investments Sells Augusta Ranch Marketplace After Stabilizing the Property in Just 18 Months
Shopoff Realty Investments announced today that the company has sold Augusta Ranch Marketplace, an 80,247-square-foot grocery-anchored shopping center, as well as an adjacent developable pad, in Mesa, Arizona. The property was sold to an undisclosed investor for $14.05 million, with returns that exceeded projections and a holding period of 18 months.
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