Marcus & Millichap Facilitates Sale Of AMR Mesa Mixed-Use Property In Mesa For $5 Million
222 East Main Street
$5,000,000
$220/SF
Building Size
22,722 SF
Asset Type
Mixed-use
Closing
Dec 3, 2024
AI
The property involved in this transaction is a mixed-use asset located at 222 East Main Street in Mesa, AZ. The property has an area of 22,722 square feet and was sold for $5,000,000, resulting in a price per square foot of $220.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,000,000
- Address: 222 East Main Street
- Market: Mesa, AZ
- Square Footage: 22,722
- Price Per Square Foot: $220
The seller of the property was a Spokane-based LLC, and the transaction was facilitated by Marcus & Millichap. The seller was represented by Brandon Kramer and Maxwell Rist, with additional assistance from Ryan Sarbinoff and Rob Cronenberg for financing quotes.
Players
Mesa 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93