ONTARIO, Ore. (AP) - After a decade of failed sales and revival efforts, an Eastern Oregon shopping center is going back on the auction block, with what a real estate agent calls “a motivated seller” and a starting bid of $300,000.
The Ontario Argus Observer reports (https://bit.ly/1i3guSc) that if the West Park Plaza Mall changes hands in May, it will be the fifth time in 10 years.
A Los Angeles development company owns it. Many tenants have moved out as local retail has moved eastward.
Real estate agent John Stevens says it should help that the sale includes the anchor Albertsons store. The grocery company has recently renewed its lease through 2019.
The last time out, the minimum price was $550,000, and that didn’t include the Albertsons store or a former KFC building.
Information from: Argus Observer, https://www.argusobserver.com
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