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222 East Main Street

Marcus & Millichap Facilitates Sale Of AMR Mesa Mixed-Use Property In Mesa For $5 Million
SOLDMixed-use

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

Rob Cronenberg

Cushman & Wakefield

Broker

$21.5M

vol

2 deals

Broker

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