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Mapa Group LLC Acquires Retail Asset In Phoenix For $3.13M From CAZCO Asset Management

Property Image
SOLD
$3,133,884
Shane Carter
Chris Hollenbeck

Arizona

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Retail2,503 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Mapa Group LLC Acquires Retail Asset In Phoenix For $3.13M From CAZCO Asset Management

1201 East Northern Avenue

See Similar Deals
Retail2,503 SF
Sold
Shane Carter
Chris Hollenbeck
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Retail
Price Per Square Foot:$1252
Total Square Footage:2503 SF
Transaction Type:Sale

A retail asset located at 1201 East Northern Avenue in Phoenix, AZ, was sold for $3,133,884. The property has a total square footage of 2,503 and a price per square foot of $1,252. The sale included a long-term NNN lease with Westcoast Petroleum Newports AZ Corp.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,133,884
  • Address: 1201 East Northern Avenue
  • Market: Phoenix, AZ
  • Square Footage: 2,503
  • Price Per Square Foot: $1,252
  • Buyer: Mapa Group LLC
  • Seller: CAZCO Asset Management
  • Brokers: Chris Hollenbeck & Shane Carter - Cushman & Wakefield

Chris Hollenbeck and Shane Carter from Cushman & Wakefield facilitated the transaction, representing the parties involved in the deal. This sale showcases the collaboration of these brokers in connecting the buyer and seller within the Phoenix retail market.

Players

Chris Hollenbeck
Cushman & Wakefield
Chris Hollenbeck
11 deals$65.9M volume
BROKER
Shane Carter
Cushman & Wakefield
Shane Carter
5 deals$14.6M volume
BROKER
CM
CAZCO Asset Management
SELLER

Details

SOLD
IMAGE: 03/06/2026 ADDRESS: 1201 East Northern Avenue MARKET: Phoenix, AZ ASSET TYPE: Retail BUYER: Mapa Group LLC SELLER: CAZCO Asset Management BROKERS: Chris Hollenbeck & Shane Carter - Cushman & Wakefield SALE PRICE: $3,133,884 SF: 2,503 ~ PPSF: $1,252 NOTE: Cushman & Wakefield sold a 2,503-sf ARCO AMPM gas station at 1201 E. Northern Ave, Phoenix, for $3.13M, featuring a long-term NNN lease with Westcoast Petroleum Newports AZ Corp.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$167,140.50

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,134.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,856.21
Annual Debt Service$178,274.51