Michelle Mojica's Mojica & Associates Real Estate Sells 1.25 Acres Of Land In Paradise Valley, AZ For $7M
5729 East Indian Bend Road Paradise Valley, Arizona 85253, USA
$7,000,000
Building Size
—
Asset Type
Land
Closing
Mar 2, 2023
About this deal
AI
A 1.25-acre land located at 5729 East Indian Bend Road in Paradise Valley, AZ has been sold for $7,000,000. The transaction took place on 03/02/2023. The land is a valuable asset in a prime location.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $7,000,000
- Address: 5729 East Indian Bend Road, Paradise Valley, AZ
- Market: Paradise Valley, AZ
- ACRES: 1.25
Michelle Mojica from Mojica & Associates Real Estate represented the buyer or seller in this transaction.
The land sale at 5729 East Indian Bend Road Paradise Valley, Arizona 85253, USA in Paradise Valley, Arizona sold for $7M in 2023. 5729 East Indian Bend Road Paradise Valley, Arizona 85253, USA is classified as Land on Traded. Named participants on the 5729 East Indian Bend Road Paradise Valley, Arizona 85253, USA sale are Michelle Mojica. This page is the Paradise Valley, Arizona file for the 5729 East Indian Bend Road Paradise Valley, Arizona 85253, USA land sold: pricing, party profiles, and other closed land comps from the same Paradise Valley sit in the Market section below. Filter that Paradise Valley land set by closing date to see what else sold near 5729 East Indian Bend Road Paradise Valley, Arizona 85253, USA around 2023. Published consideration for 5729 East Indian Bend Road Paradise Valley, Arizona 85253, USA is $7M, dated 2023. Cite this Michelle Mojica's Mojica & Associates Real Estate Sells 1.25 Acres Of Land In Paradise Valley, AZ For $7M sale when underwriting similar land product around Paradise Valley, Arizona.
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Paradise Valley Land Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93