ORION Investment Real Estate Brokers $6.1M Sale of Retail Development in Scottsdale

Article originally posted on HERE on April 15, 2019

SCOTTSDALE, ARIZ. — ORION Investment Real Estate has arranged the sale of a newly developed retail center in North Scottsdale. A partnership between Jeff Kitchen and Tiny Cap LLC, Jeff Mullin’s wholly owned investment firm, sold the asset for $6.1 million.

Mullin360 developed the 14,280-square-foot retail center. At the time of sale, four tenants occupied the property: Bashas’ supermarket, The Whining Pig, Banfield Pet Hospital, and 9Round Fitness and Rehab Plus. There was one vacant storefront.

Jennifer Eggert and Michael Achtman of ORION handled the property’s lease-up and assisted Ari Spiro and Sean Stutsman, also of ORION, with the off-market sale transaction. Eric Termansen and McKenna Boyle Welsey of Western Retail Advisors represented the buyer in the deal.