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14980 North 78th Way, Scott...

Connor Sears And Randy Shell Sell Mixed-use Property In Scottsdale, Arizona For $2.7M
SOLDMixed-use

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

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.

Players

Connor Sears

Zacuto Group

Broker

$26.7M

vol

6 deals

Broker

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