Cushman & Wakefield's Chris Hollenbeck & Shane Carter Represent Seller In $2.4M El Mirage Retail Sale
12443 Northwest Grand Avenue
$2,400,000
$3,871/SF
Building Size
620 SF
Asset Type
Retail
Closing
Jul 8, 2026
About this deal
AI
A newly developed 620-square-foot Black Rock Coffee Bar property at 12443 Northwest Grand Avenue in El Mirage, Arizona, sold for $2.4 million. The property is categorized under the retail asset type, and the sale price translates to approximately $3,871 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,400,000
- Square Footage: 620
- Price Per Square Foot: $3,871
- Address: 12443 Northwest Grand Avenue
- Market: El Mirage, AZ
Cushman & Wakefield's Chris Hollenbeck and Shane Carter represented the seller in this transaction. Both the buyer and seller were limited liability companies, reflecting their corporate structure in the deal.
On the Map
$2,400,000
$3,871/SF
Retail
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Players
Avenue 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93