Chris Loeffler Of Caliber Cos Acquires 2.28 Acres In Phoenix From Sonoran Desert Retail LLC For $4.125M
2800 West Sonoran Desert Drive
$4,125,000
Building Size
—
Asset Type
Land
Closing
Aug 27, 2026
About this deal
AI
A 2.28-acre development site located at 2800 West Sonoran Desert Drive in Phoenix, AZ was sold for $4,125,000. The transaction involved land suitable for development, targeted for a planned hotel project.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $4,125,000
- Address: 2800 West Sonoran Desert Drive
- Market: Phoenix, AZ
- Acres: 2.28
- Buyer: Chris Loeffler - Caliber Cos
- Seller: Sonoran Desert Retail LLC
- Brokers: Michael Farrar & Art Rullo - Marcus & Millichap
The sale of the property was facilitated by brokers Michael Farrar and Art Rullo, who represented buyer Caliber Cos during the acquisition. The site is located near the expanding campus of TSMC, indicating strategic importance for development initiatives in the area.
Players
Phoenix Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93