165
PHOENIX – A 3,078-square-foot property in Phoenix that is occupied by a Circle K Gas & Convenience store has sold to a family trust for $2,285,000. The single-tenant, triple-net leased retail property was built in 1987 at 1901 West Cactus Road. The transaction closed at a 7.35 percent cap rate. The buyer was represented by Jon Boland of Voit Real Estate Services in San Diego. The seller, D.E.E Holdings, was represented by Chris Maling and David Maling of Colliers International.