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Phoenix & Southwest  + Retail  | 

SRS’ National Net Lease Group Completes $12M Sedona Sale

SRS Real Estate Partners’ National Net Lease Group completed the $11.7 million sale of The Collective Sedona, a 52,518-square-foot shopping center in in Sedona, AZ. The trophy property at 7000 AZ-179 was 84% occupied upon closing and features a unique and colorful architectural design across six buildings. The closing cap rate was 7.3%.

Built in 2000 and 2003, The Collective Sedona is situated on 6.16 acres. It is occupied by a number of tenants including Hilton Resorts, AmTrust Bank, Bay Equity Home Loans, Cucina Rustica and Snap Fitness.

SRS’ Sean Thomas represented the seller, an unnamed Arizona-based private investor. The undisclosed California-based private investor buyer was represented by Ashcraft Investment Company, Inc.’s Jim Ashcraft.

Thomas says, “This highly visible, turnkey asset provides an upside to the new ownership by leasing up the vacant space. Additionally, The Collective at Sedona is well-located in an affluent, high barrier to entry market with more than three million annual visitors.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
  • ◦Lease