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Park City—Cushman & Wakefield | Commerce today announced that it has brokered the sale of the Sagewood Plaza, a retail/office property located at 6300 N. Sagewood Dr.
Steven Hooker, John Owens and Herm Franks of Cushman & Wakefield | Commerce represented the seller, Ed Mark. The buyer was Nick Sterns, a private investor.
“With Vail’s acquisition of the Park City Mountain Resort, the interest from out of state has increased significantly for all types of real estate, both commercial and residential,” said Steven Hooker, Director | Office/Investment/Retail/Land for Cushman & Wakefield | Commerce. “This property has had a fair amount of retail traffic historically; however, with a new through-road, traffic has increased by many times since last year. This will certainly be a boon to the retail tenants in this building.”
Built in 1998, the Sagewood Plaza is a 12,858 square foot building situated on 1.72 acres. The property has six suites for office or retail use.