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Mixed Use

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4535 East Broadway Road

Updated Dec 4, 2024

Matt Hamblin Acquires Mixed-Use Property In Phoenix For $1.9M
SOLDMixed-use

Matt Hamblin Acquires Mixed-Use Property In Phoenix For $1.9M

4535 East Broadway Road

$1,900,000

$314/SF

Building Size

6,039 SF

Asset Type

Mixed-use

Closing

Jun 24, 2024

About this deal

AI

The property involved in the transaction is a mixed-use asset located at 4535 East Broadway Road in Phoenix, AZ. The sale price for this 6,039-square-foot office and industrial property was $1,900,000, resulting in a price per square foot of $315. The facility, situated in Cotton Business Center, consists of 80% office space and 20% warehouse space. The property was acquired by Matt Hamblin and the transaction was facilitated by Doug Fielding of Marcus & Millichap.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,900,000
  • Address: 4535 East Broadway Road
  • Market: Phoenix, AZ
  • Square Footage: 6,039
  • Buyer: Matt Hamblin
  • Broker: Doug Fielding - Marcus & Millichap

Marcus & Millichap brokered the sale of the property to Matt Hamblin. The facility is currently occupied by Smart Pest Solutions, showcasing a mix of office and warehouse space. Doug Fielding Jr. played a crucial role in the transaction as the broker representing the buyer, ensuring a smooth acquisition process for all parties involved.

Players

Douglas Fielding

Marcus & Millichap

Broker

$19.4M

vol

2 deals

Broker

Phoenix Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $314 per square foot on a published $1.9M for 6,039 square feet (2024).

Visit Douglas (Doug) Fielding to view all their deals.

Browse Phoenix mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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