PHOENIX, March 14, 2017 – Cushman & Wakefield announced today that the Starbucks, located 5360 E. Carefree Highway in Cave Creek, Arizona, has been sold for $2.2 million to Mountain Park Investors.

Cushman & Wakefield Senior Director Chris Hollenbeck represented the seller, Park West Development. Nicholas Diamond of Real Estate Investment Group represented the buyer.

The recently completed, single-tenant property is located at the northwest corner of Cave Creek Road and the Carefree Highway. The 2,000-square-foot property is under a brand new 10 year lease with Starbucks, the largest and most successful coffee retailer in the world. The facility is also in close proximity to many national retailers including Fry’s, Walmart, Lowe’s, Home Depot, Chevron, CVS and McDonald’s.

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Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit or follow @CushWake  on Twitter.