Phoenix Single-Tenant NNN Coffee Shop Sells for $707/SF After Garnering Multiple Offers
PHOENIX, ARIZONA – CBD Coffee Shop, located at 1302 East McDowell Road, sold this week for $1,297,000 or $707 per square foot, at a 5.96% cap rate. Nick Miner, CCIM of ORION Investment Real Estate represented both parties in the transaction. The Seller was GP 1302 E McDowell, LLC / Atlas Phoenix and the Buyer …
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