Time Equities Acquires Cactus Plaza Retail Center In Glendale Arizona For $4.5 Million
4323 West Cactus Road
$4,500,000
$175/SF
Building Size
25,620 SF
Asset Type
Retail
Closing
Dec 19, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 4323 West Cactus Road, Glendale, AZ. The property, known as Cactus Plaza, encompasses 25,620 square feet and was sold for a total consideration of $4,500,000, which equates to a price per square foot of $176.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 4323 West Cactus Road
- Market: Glendale, AZ
- Asset Size: 25,620 SF
- Price Per Square Foot: $176
- Buyer: Time Equities
- Buyer’s Representative: Ami Ziff, Jonathan Kim & Grant Scott - Time Equities
- Seller’s Representative: Chase Dorsett - Newmark
The transaction reflects the involvement of Time Equities as the buyer, with Ami Ziff, Jonathan Kim, and Grant Scott representing them. Chase Dorsett represented the seller, ensuring the deal's successful conclusion.
On the Map
$4,500,000
$175/SF
Retail
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Players
Glendale 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93