Vestis Group Negotiates Retail PAD Sale For Bikini Beans Coffee In Peoria, Arizona
FOR IMMEDIATE RELEASE – June 7, 2019
VESTIS GROUP NEGOTIATES RETAIL PAD SALE FOR BIKINI BEANS COFFEE IN PEORIA, ARIZONA
Vestis Group negotiated a retail PAD sale for Bikini Beans Coffee, at the intersection of 75th Avenue and Cactus Road, in Peoria, Arizona, for $345,000, or $47 per square foot.
(Phoenix – June 7, 2019) – Vestis Group, a commercial brokerage and investment firm, is pleased to announce the retail PAD sale for Bikini Beans Coffee, at the intersection of 75th Avenue and Cactus Road, in Peoria, Arizona, for $345,000, or $47 per square foot.
“This will be Bikini Beans Coffee’s fourth location in Arizona. The first three stores opened in Phoenix, Tempe and Mesa,” says Matt Morrell, President of Retail Investments at Vestis Group and the lead broker for this transaction, “Bikini Beans Coffee’s Peoria store is located just north of the northeast corner of 75th Avenue and Cactus Road. Neighboring business in the trade area include Fry’s Foods, MidFirst Bank, CVS Pharmacy, TCF Bank, Church’s Chicken, BoSa Donuts, Jiffy Lube, Carl’s Jr., Subway, Panda Express, Jack In The Box, LeeLee International Supermarkets, Banner Urgent Care, Enterprise and Extra Space Storage. We are actively seeking additional locations for Bikini Beans Coffee across Metro Phoenix.”
The Phoenix based Vestis Group commercial brokerage team of Natan Jacobs and Matt Morrell negotiated the retail PAD sale on behalf of the buyer, Bikini Beans Coffee. Vestis Group provides tenant representation services to select national, regional and local tenants with their expansion plans throughout Arizona.
Vestis Group is the broker of choice for individuals and institutions investing in multifamily residential and commercial real estate throughout Metropolitan Phoenix. Our advisors assist clients in the acquisition and disposition of multifamily investment and retail investment assets, including, apartments, bulk condo packages, duplex/triplex/fourplex properties, single-family rental portfolios (SFR Portfolios), income producing single-family investment properties, neighborhood strip centers, retail power centers, retail strip centers, neighborhood grocery, retail PAD and retail shopping centers. In the field of housing, Vestis Group’s principals have developed, built, rehabilitated, constructed, improved, managed, and sold thousands of apartments units, condos, single-family homes and home sites.
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About Vestis Group
Vestis Group is a leading Multifamily Investment sales and Advisory Services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies.
We specialize in Phoenix Apartments For Sale.
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Vestis Group serves multifamily owners and investors with a full suite of commercial real estate services, including Buyer Representation, Tenant Representation, Project Marketing & Sales, Asset Management, Project & Development Services, Research and Consulting.
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