Desert Inn Pecos Center Sold
Author: Diana Heeb Bivona
A private investor based out of Orange County, CA has purchased the Desert Inn Pecos Center on E. Desert Inn Road for $11.4M. The 48,172-square-foot shopping center was sold in an all cash transaction, with the buyer completing their due diligence in ten days. The property sale closed in 23 days.
In the last three years, the shopping center had undergone extensive capital improvements and renovation offering the buyer an attractive asset with minimal deferred maintenance and a 96 percent occupancy rate.