John Schweikert And Chad Tiedeman Of Phoenix Commercial Advisors Sell Retail Center In Surprise For $10.7M
14273 Grand Avenue & 14291 Grand Avenue
$10,700,000
$203/SF
Building Size
52,685 SF
Asset Type
Retail
Closing
Jul 2, 2026
About this deal
AI
The transaction involved the sale of Grand Village Center, a necessity-based retail center located at 14273 Grand Avenue & 14291 Grand Avenue in Surprise, AZ. The property has a total square footage of 52,685 and was sold for $10,700,000, translating to a price per square foot of $203. At the time of the sale, the property was 97% leased and included an anchor tenant, Elevate Trampoline Park.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,700,000
- Address: 14273 Grand Avenue & 14291 Grand Avenue
- Market: Surprise, AZ
- Square Footage: 52,685
- Price per Square Foot: $203
- Brokers: John Schweikert & Chad Tiedeman - Phoenix Commercial Advisors
John Schweikert and Chad Tiedeman represented the undisclosed seller in this transaction. The identity of the buyer has not been disclosed, maintaining confidentiality in the sale process.
Players
Chaptico 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93