Northsight Crossing Retail Center (Sold)
ASSET OVERVIEW
SCOTTSDALE | ARIZONA
PERFORMANCE
Deal Multiple
1.42x
Total ROI
42%
IRR
23.6%
ABOUT THE ASSET
Caliber sold Northsight Crossing Retail Center in October 2023 for $27,400,000.
Acquired in January 2022 for $21,100,000, the Northsight Crossing Retail Center consists of 112,000+ square feet of retail space that is 98 percent occupied by national, regional, and local-branded businesses. Following the purchase of this retail center, Caliber and its partners completed tenant improvements and executed several new leases, resulting in a sale at a capitalization rate of 6.75%.
LOCATION
14891 N. Northsight Boulevard [The Scottsdale Airpark] Scottsdale, AZ 85260
Want to know more about this specific asset?
556-CAL-110923