Terry Black’s BBQ Acquires Mixed-Use Property In Scottsdale For $11.2 Million
3925 North Brown Avenue
$11,200,000
$1,076/SF
Building Size
10,409 SF
Asset Type
Mixed-use
Closing
Oct 20, 2026
About this deal
AI
The property asset involved in this transaction is located at 3925 North Brown Avenue in Scottsdale, AZ. The mixed-use property covers 0.74 acres and comprises nine parcels along with approximately 10,409 square feet of existing buildings. The sale was completed for $11,200,000, resulting in a price per square foot of $1,076.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,200,000
- Address: 3925 North Brown Avenue
- Market: Scottsdale, AZ
- Square Footage: 10,409
- Price per Square Foot: $1,076
- Buyer: Terry Black’s BBQ
- Brokers: Trent McCullough, Branden Mondragon & Danielle Davis - LevRose Commercial Real Estate
The transaction marks the entry of the Texas-based brand, Terry Black’s BBQ, into Arizona. The sale was facilitated by LevRose Commercial Real Estate, where Danielle Davis, Branden Mondragon, and Trent McCullough represented the sellers in this deal.
On the Map
$11,200,000
$1,076/SF
Mixed-use
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Players
Leonardtown Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93