The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



TEXAS/SOUTHWEST NEWS
Printer-friendly Version   Email an Associate
Two AZ Retail Investment Assets Trade in Deals Totaling Over $3.5 Mil

8/26/20

Two AZ retail investment properties have traded hands in deals totaling $3.52 mil. The assets were both constructed in 2020 and are fully leased to Black Rock Coffee Bar and AutoZone, each with new long-term leases in place.

The Black Rock Coffee Bar transaction consisted of an absolute triple net (NNN) leased property with a brand new 1.9k sf drive-thru pad building on just under an acre that sold for $2.26 mil ($1,189/sf). The property is located at 10683 N 116th St in the city of Scottsdale. The location provides high visibility on Shea Blvd and is situated in one of the most affluent submarkets of the trade area. The location is also anchored by a major fitness brand.

The buyer was an out-of-state investor, MCR Par LLC, based in Carlsbad. It was sold by 116th Scottsdale AZ LLC, out of Terry Haute, IN.

The AutoZone transaction consisted of the absolute NNN ground lease sale of a more than one-acre parcel featuring a brand new 7.4k sf store that sold for $1.26 mil. Located at 23335 N Lake Pleasant Pkwy in the city of Peoria, just north of Glendale, the location provides visibility on the hard corner of Lake Pleasant Pkwy and Pinnacle Peak Rd. It is also across from a regional power center.

The buyer was an out-of-state private investor based in Durham, NC. The seller was locally Phoenix-based 3603 Campbell LLC.

Cushman & Wakefield’s Chris Hollenbeck represented the sellers in the pair of transactions.





Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media