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24750 South Ellsworth Road

Pecan Plaza Shops Sold In Queen Creek For $13.5 Million With Brokers John Schweikert & Chad Tiedeman
SOLDRetail

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

Chad Tiedeman

Phoenix Commercial Advisors

Broker

$232.6M

vol

10 deals

Broker

Queen Creek 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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93