Danny Soroudi Of Arise Investments Acquires Mountain View Plaza In Phoenix For $6M
9812 North 7th Street
$6,000,000
$229/SF
Building Size
26,178 SF
Asset Type
Retail
Closing
Oct 30, 2025
AI
The retail asset involved in the transaction is located at 9812 North 7th Street in Phoenix, AZ. The property was sold for $6,000,000, translating to approximately $229 per square foot. The retail center encompasses 26,178 square feet of multi-tenant space situated on about 2.5 acres of land, strategically located at the corner of Mountain View Blvd and 7th Street. Notable tenants include Burger King, VCA Animal Hospital, Driftwoods Sports Grill, and Scramble Restaurant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,000,000
- Square Footage: 26,178 SF
- Price Per Square Foot: $229
- Market: Phoenix, AZ
- Buyer: Danny Soroudi
- Buyer's Company: Arise Investments
- Cap Rate: 7.22%
- Land Size: Approximately 2.5 acres
- Notable Tenants: Burger King, VCA Animal Hospital, Driftwoods Sports Grill, Scramble Restaurant
- Year of Acquisition: 2025
This acquisition marks the third for Arise Investments in Arizona for the year 2025, as noted by the buyer, Danny Soroudi. The deal highlights a strategic investment in a multi-tenant retail center with established tenants.
Phoenix 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93