Time Equities Acquires Retail Center Cactus Plaza In Glendale Arizona For $4.5M
4323 West Cactus Road
$4,500,000
$175/SF
Building Size
25,620 SF
Asset Type
Retail
Closing
Dec 18, 2025
About this deal
AI
A retail center located at 4323 West Cactus Road in Glendale, AZ, has been sold for a transaction amount of $4,500,000. The property encompasses 25,620 square feet and has a price per square foot of $176. The asset was constructed in 1985 and is currently 93% leased.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Sale Date: 12/18/2025
- Market: Glendale, AZ
- Square Footage: 25,620
- 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
Time Equities Inc. acquired the property, known as Cactus Plaza, marking its second retail acquisition in Arizona. The transaction was led by the team from Time Equities, with Chase Dorsett representing the seller from Newmark.
On the Map
$4,500,000
$175/SF
Retail
View full map
Players
Glendale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Chase Dorsett to view all their deals.
Browse Glendale retail sales on Traded.
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