Thompson Thrift Retail Group Sells Retail Property In Peoria For $18.2M
24645 North Lake Pleasant Parkway, Peoria, AZ 85383
$18,200,000
$677/SF
Building Size
26,852 SF
Asset Type
Retail
Closing
Oct 19, 2021
About this deal
AI
Located at 24645 N Lake Pleasant Pkwy in Peoria, this retail property was recently sold. The property spans 26,852 square feet and was sold for a total price of $18,200,000, resulting in a price per square foot of $678. The sale took place on October 19, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,200,000
- Address: 24645 N Lake Pleasant Pkwy, Peoria
- Market: Peoria
The seller of this retail property was Thompson Thrift Retail Group, represented by Paul Thrift. The transaction showcases the success of the retail market in Peoria, highlighting the demand for properties in this area. The sale of this property demonstrates the continued growth and investment opportunities in the Peoria market.
On the Map
$18,200,000
$677/SF
Retail
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Peoria Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93