Mapa Group LLC Acquires Retail Asset In Phoenix For $3.13M From CAZCO Asset Management
1201 East Northern Avenue
$3,133,884
$1,252/SF
Building Size
2,503 SF
Asset Type
Retail
Closing
Mar 6, 2026
AI
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
Phoenix Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.06%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93