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18,400-SF Retail Center Gets $3M in Off-Market Trade

PRESCOTT VALLEY, AZ-A Los Angeles trust, a first-time buyer in the region, takes over Windsong Plaza, a fully leased asset with a mix of local and national tenants, for $2.8 million. The deal closes at an 8% cap rate.

By Amy Wolff Sorter | Updated on October 06, 2005

PRESCOTT VALLEY, AZ-The 18,400-sf Windsong Plaza has been sold for $2.8 million to a Los Angeles-based family trust. The off-market deal trades at an 8% cap rate.

Located at 3040-3050 Windsong Dr., the plaza was 100% percent occupied when it changed hands. The seller is a private investor, Anton Platzer from Prescott Valley, and the buyer is the Kravitz Family Trust, which acquired the property as part of a 1031 exchange.

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