Connor Sears And Randy Shell Sell Mixed-use Property In Scottsdale, Arizona For $2.7M
14980 North 78th Way, Scottsdale, AZ, USA
$2,700,000
$172/SF
Building Size
15,657 SF
Asset Type
Mixed-use
Closing
Mar 4, 2021
About this deal
AI
The mixed-use property located at 14980 N. 78th Way in Scottsdale, Arizona was recently sold for a total price of $2,700,000. The transaction took place on 03/05/2021 and was facilitated by brokers Connor Sears of ZacutoGroup and Randy Shell of ShellCommercial. The property spans over 15,657 square feet and has a price per square foot of $172. The sale represents a capitalization rate of 7.00%.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,700,000
- Address: 14980 N. 78th Way, Scottsdale, Arizona
- Market: Scottsdale, Arizona
- BROKERS: Connor Sears - ZacutoGroup & Randy Shell - ShellCommercial
- Square Footage: 15,657
- Price Per Square Foot: $172
- CAP: 7.00%
Connor Sears from ZacutoGroup and Randy Shell from ShellCommercial played pivotal roles in representing the parties involved in this transaction. Their expertise and negotiation skills contributed to the successful sale of this mixed-use property in Scottsdale, Arizona.
On the Map
$2,700,000
$172/SF
Mixed-use
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Players
Scottsdale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93