Canadian Investor Pays $14M for AZ’s 67K-SF Mountain Vista Plaza

A Canadian investor operating under the entity name of MIRAJH LLP struck a deal with Boarder Capital to acquire Mountain Vista Plaza in Surprise, AZ. The Saskatoon, SKS-based buyer paid $14.1 million to the seller for the 64,071-square-foot retail site at 15601 W. Bell Rd. in the suburban Phoenix location.

Ryan Schubert and Michael Hackett with Cushman & Wakefield negotiated the transaction between buyer and seller. Noted Hackett: “Mountain Vista Plaza adds another quality, internet-resistant shopping center to the Mirajh LLP Arizona portfolio.”

The plaza is anchored by the highest-performing Planet Fitness in the state. Other tenants include Gentle Dental and SalonCentric Inc. The center, which delivered in 2006 and was fully redeveloped, is 93.5% occupied.

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