Cap Rate: 6.08%NOI: $242,718SF: 44,800
Paul Miachika started his career in commercial real estate in 1980 with Royal LePage, Canada’s largest national real estate brokerage firm. He specialized in industrial properties representing both tenants/buyers and landlords/sellers. He started working with larger institutional clients as a listing agent both for the development and leasing of new industrial and business parks as well as the sale of leased portfolios, taking advantage of his finance background and use of a new concept “discounted cash flow analysis”. In 1996 Paul joined the newly formed firm called Avison Young that consisted of Vancouver’s top commercial agents and helped broker some very significant transactions including the sale of British Columbia’s largest distribution facility. In 1998 Paul moved his family to Phoenix, AZ to work with Daum Commercial Real Estate to take advantage of the expanding Arizona economy. In 2002 he moved over to NAI Horizon where he teamed up with Cathy Jones to form the Investment Services Group, “ISG” the #1 NAI brokerage team in Las Vegas and Phoenix specializing in the sale and acquisition of investment properties for private capital clients. In 2006 Paul formed Sun Commercial Real Estate with Cathy Jones and together they continue to operate their investment team, the Investment Services Group, focusing on commercial investment transactions for both institutional and private capital clients. While involved in all aspects of an investment transaction Paul usually focusses on the underwriting, valuation, documentation, escrow, due diligence review and closing.
Paul is a licensed broker in the State of Arizona and is Sun Commercial’s designated broker for its Scottsdale, AZ office.
He previously served as a membership chairman for NAIOP and on the brokerage advisory committee of the Vancouver Real Estate Board and with the Valley Partnership in Phoenix, AZ. He is an active member of the International Council of Shopping Centers (ICSC) and in the Fiesta Bowl helping promote the Valley of the Sun, providing grants to local charities as well as hosting the College Football Cactus and Fiesta Bowls.
Paul earned a Bachelor of Commerce degree from The University of British Columbia’s renowned Sauder School of Business with a double major in Finance and Urban Land Economics with a minor in Geography. Paul is the in-house expert in financial analysis including discounted cash flow analysis and the use of Argus DCF & Argus Enterprise.
Paul is a competitive sailor, a recreational golfer and road cyclist. Paul and his wife Julie love to travel including visiting their three grown children in New York City, San Francisco and Carlsbad, CA.