Phoenix Commercial Advisors Closes Peoria Starbucks Sale for $2.44 Million

Peoria, Ariz.– Phoenix Commercial Advisors closed on a single-tenant Starbucks in Peoria, Ariz. The property, located on 1.61 acres on the east-northeast corner of 83rd Avenue and Thunderbird Road at 8160 W. Thunderbird Road, sold for $2,440,000.  The brand-new, 2,200-square-foot building closed at 97 percent of the asking price and $1,109 per square foot.

Chad Tiedeman at Phoenix Commercial Advisors represented the seller, Vaquero Thunderbird Partners LP, in the transaction.

“We were very impressed at the efficiency and professionalism of this transaction process by both parties. The buyer was able to go nonrefundable on day one, and the property closed just after a five-day escrow.” – Chad Tiedeman

Formed in 1994, Phoenix Commercial Advisors is a commercial real estate services company. The company specializes in retail commercial brokerage in Phoenix, Tucson, and surrounding Arizona communities, providing leasing services, tenant and landlord representation, investment sales and redevelopment services to local and national retailers and property investors. Offering the expertise of 250 combined years of experience, Phoenix Commercial Advisors is also member of ChainLinks Retail Advisors, the premier national retail platform connecting elite brokerage companies across the top 50 North American markets.

If you would like more information about this topic, please contact Kailin Trebesch at 602-288-3473 or email at ktrebesch@pcaemail.com.

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