SRS Brokers $11.7 Million Sale of Six-Building Shopping Center in Sedona, Arizona

Sedona, Ariz. — SRS Real Estate Partners has arranged the sale of The Collective Sedona, a shopping center located at 7000 Ariz. Highway 179 in Sedona. An Arizona-based private investor sold the asset to a California-based private investor for $11.7 million. Built in 2000 and 2003, the six-building property features 52,518 square feet of retail space on 6.2 acres. At the time of sale, the property was 84 percent occupied by a variety of tenants, including Hilton Resorts, AmTrust Bank, Bay Equity Home Loans, Cucina Rustica and Snap Fitness. Sean Thomas of the SRS National Net Lease Group’s Phoenix office represented the seller, while Jim Ashcraft of Ashcraft Investment Co. represented the buyer in the transaction.