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
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.
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