Joseph Phillips of Honolulu took the prize with a $590,000 all-cash offer that delivered ownership of the Dollar Days Center at 2816 N. 16th St. The property houses a Dollar Days store, Rosanna's Beauty Salon. Deporte's America Sporting Goods and a dance club.
"It turned out to be a bit of a bidding war," said Michael Hackett of Marcus & Millichap, who represented seller Saleem Ali Kanjiyani of Phoenix, in the transaction. "We had it in escrow once and had 10 offers on the property," he added, explaining it finally sold after just two months on the market.
Hackett said the building, built in 1957, was a 1031 Exchange for both seller and buyer, who was represented in the transaction by Ed Slavish of Slavish & Associates.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
