"They were really a strong buyer and had the experience owningcommercial real estate," Peter TeKampe, a senior associate withMarcus & Millichap in Phoenix, tells GlobeSt.com. StaletovicProperty Holdings paid about $1.6 million apiece for Saguaro Plazain Fountain Hills and the Brown & Mesa Center in Mesa.

The 11,142-sf Saguaro Plaza, built in the mid-1990s, sits at13212 N. Saguaro Blvd., in the heart of Fountain Hills' upscalecommercial district and directly across the street fromtourist-friendly Fountain Park, home of one of the tallestfountains in the world.

Principals Goran and Zlatana Staletovic obtained a three-year,$1.2-million loan at a fixed 5.75% interest rate from a smallMidwestern loan provider, according to TeKampe. Saguaro Plaza isfully leased to a coffee shop, dry cleaner and physical fitnesscenter. Rents range from $12 per sf to $15 per sf. The propertynever hit the market and received no other offers, saysTeKampe.