Retail Investment Team Brokers Sale of Danforth Plaza for $3,375,000

Danforth Plaza is a 29,962-square-foot shopping center near the southeast corner of Danforth and Santa Fe. Tenants include Payless Shoe Source, State Farm, Papa Murphy's, At The Beach, Game Stop and H&R Block. The center is shadow-anchored by Super Walmart. The shopping center has been a fixture in the area for many years. The property was sold as is, and above listing price. The shopping currently has a 94% occupancy, and sold at  a CAP rate of 8.6%. Phillip Mazaheri, CCIM, Paul Ravencraft, and George Williams of Price Edwards & Company handled the transaction.