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Real Estate

Diversified Partners facilitates $4.5 million sale

Posted 11/10/22

Diversified Partners, a Scottsdale real estate brokerage and development company, announced that it has facilitated the sale of Daisy Mountain Plaza, a retail space home to Starbucks and DECA Dental. …

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Real Estate

Diversified Partners facilitates $4.5 million sale

Posted

Diversified Partners, a Scottsdale real estate brokerage and development company, announced that it has facilitated the sale of Daisy Mountain Plaza, a retail space home to Starbucks and DECA Dental.

The plaza, located on 1.62 acres at 39422 N. Daisy Mountain Drive in 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,” Weinstein said in a press release.

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.