Pecan Plaza Shops Sold In Queen Creek For $13.5 Million With Brokers John Schweikert & Chad Tiedeman
24750 South Ellsworth Road
$13,500,000
$664/SF
Building Size
20,325 SF
Asset Type
Retail
Closing
May 6, 2026
AI
The property involved in this transaction is a fully leased retail center known as Pecan Plaza Shops, located at 24750 South Ellsworth Road, Queen Creek, AZ. The sale was completed for $13,500,000, with a total square footage of 20,325. The price per square foot stands at $664, and the retail center was constructed in 2022 at the intersection of Ellsworth and Riggs.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,500,000
- Square Footage: 20,325
- Price per Square Foot: $664
- Address: 24750 South Ellsworth Road, Queen Creek, AZ
- Market: Queen Creek, AZ
John Schweikert and Chad Tiedeman from Phoenix Commercial Advisors represented the seller in this off-market transaction, demonstrating their role in facilitating the sale of the retail center.
Players
Queen Creek 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93