83rd Ave And Camelback Rd LLC And Sunset Square Plaza LLC Acquire Retail Property In Peoria For $3.45M
28379 North El Mirage Road
$3,450,000
Building Size
—
Asset Type
Retail
Closing
Sep 12, 2026
About this deal
AI
A retail property located at 28379 North El Mirage Road in Peoria, Arizona was sold for $3,450,000. The asset was specifically leased to Starbucks, contributing to its marketability within the retail sector.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,450,000
- Buyer: 83rd Ave + Camelback Rd, LLC and Sunset Square Plaza LLC
- Seller: Joshua Simon - Simon CRE
- Broker: Chris Hollenbeck - Cushman & Wakefield
Chris Hollenbeck, along with Shane Carter from Cushman & Wakefield, represented SimonCRE in facilitating this transaction. Their role underscored the collaborative efforts involved in concluding the sale of the retail asset.
On the Map
$3,450,000
Retail
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Players
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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93