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1635 - 1699 E Cottonwood Street - Cottonwood Towne Center - Cottonwood Towne Center, Cottonwood, AZ

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1635 - 1699 E Cottonwood Street - Cottonwood Towne Center - Cottonwood Towne Center

SEC of State Route 89A & Main St.
Cottonwood, AZ 86326-4604

(1.3 MB)

Property Type:Retail Sub Type:- Status:Existing Year Built:1980
Building Size:134,585 SF Land Area:10.71 AC (466,528 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Anchor Tenants:Family Dollar, OfficeMax, Safeway

Sale Notes:
Kidder Mathews, as exclusive advisor to Seller, is pleased to offer to qualified
investors the opportunity to acquire the 100% fee-interest in Sawmill Square
Shopping Center, a ±134,499 SF neighborhood retail asset located in Cottonwood,
Arizona. Situated on a large 10.7-acre land parcel, improvements consist of two (2)
single-story buildings comprised of anchor and in-line suites. Centrally located in
the City of Cottonwood with excellent frontage & visibility at one of the submarket’s
primary commercial intersections, Sawmill Square represents a value-add opportunity
at a price point significantly below the asset’s replacement cost.
Presently, Sawmill Square is leased to a diverse mix of ten (10) national, regional
and local tenants to include Safeway, Office Max, Family Dollar, CATO Fashion and
DaVita. Similarly, the center offers seven (7) second-generation suites available for
immediate occupancy in suites ranging from 877 SF – 10,000 SF. In addition to the
current availabilities, there are several existing tenants at below-market lease rates
or with near to mid-term lease expirations. This offers new ownership the flexibility in
repositioning the tenant profile and/or unlocking value in renewing leases at market
rates. Accordingly, Sawmill Square will be highly attractive to investors seeking a
quality asset with immediate operational upside and desirable long-term in-place
anchor tenancy.

Kidder Mathews
Peter Beauchamp
(714) 815-9901

Kidder Mathews
Matthew Ault
(602) 513-5200

Darren M Tappen
(602) 513-5112

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