SOLDLand
Mountainside Fitness Acquires 4.1 Acres Of Land In Peoria, Arizona From Vistancia Development LLC For $3.01M
11701 West Lone Mountain Parkway
$3,013,808
$16/SF
Building Size
178,596 SF
Asset Type
Land
Closing
Jul 22, 2026
AI
A 4.1-acre land parcel located at 11701 West Lone Mountain Parkway in Peoria, AZ was sold for $3,013,808, equating to a price per square foot of $17. The total square footage of the parcel is 178,596, and it is part of the larger 320-acre mixed-use development known as FIVE NORTH at VISTANCIA.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,013,808
- Square Footage: 178,596
- Address: 11701 West Lone Mountain Parkway
- Market: Peoria, AZ
- Acres: 4.1
- Buyer: Craig Cote - Mountainside Fitness
- Seller: Vistancia Development LLC
- Brokers: Jake McClaughry & Charles Skaggs - Western Retail Advisors; Ryan Tanner & Regan Amato - JLL
Players
Peoria Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.26%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93