Skyport Scottsdale LLC Acquires 10.58 Acres Of Land In Phoenix, AZ For $3.4M
SOLD
$3,400,000
+ 1
Arizona
See Similar DealsSold 11/30/2021
SOLD
Skyport Scottsdale LLC Acquires 10.58 Acres Of Land In Phoenix, AZ For $3.4M
I-17, Phoenix, AZ, USA
See Similar DealsSold 11/30/2021
+ 1
Summary
ARIZONA
Transaction Type:Sale
The property involved in this transaction is a land located at the intersection of I-17 and Pinnacle Peak Rd in Phoenix, AZ. The land spans approximately 10.58 acres.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,400,000
- Address: SWC I-17 & Pinnacle Peak Rd, Phoenix, AZ
- Market: Phoenix, AZ
- Buyer: Skyport Scottsdale LLC
- Seller: SWC PPR, LLC
- Brokers: Mark Forrester, Ric Holway, Dan Cheyne & Andrew Curtis - Berkadia
The transaction took place on 11/30/2021. The buyer, Skyport Scottsdale LLC, acquired the land from the seller, SWC PPR, LLC, for a total sale price of $3,400,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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