SOLD
Skyport Scottsdale LLC Acquires 10.58 Acres Of Land In Phoenix, AZ For $3.4M
I-17, Phoenix, AZ, USA
$3,400,000
Building Size
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Asset Type
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Closing
Nov 30, 2021
AI
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.
Players
Phoenix CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93