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Masyno Holding Acquires Mixed-Use Property In Phoenix, AZ For $12M
SOLD
$12,000,000
Arizona
See Similar DealsMixed-use
Sold 06/14/2023
SOLD
Masyno Holding Acquires Mixed-Use Property In Phoenix, AZ For $12M
800 North 1st Street Phoenix, Arizona 85004, USA
See Similar DealsMixed-use
Sold 06/14/2023
Summary
ARIZONA
Asset Type:Mixed-use
Transaction Type:Sale
The mixed-use property located at 800 N 1st St in Phoenix, AZ has been sold for a price of $12,000,000. The transaction took place on 06/14/2023.
Summary of Transaction Details
- Property Type: Mixed-Use
- Transaction Amount: $12,000,000
The buyer of the property is Masyno Holding, represented by Anthony Bibars and Kal Bibars. The seller is Glasir Capital Partners, represented by Nick Lynum and Alan Robinson. Mark Bramlett from Lee & Associates acted as the buyer's representative in the deal, while David Fogler and Steven Nicoluzakis from Cushman & Wakefield represented the seller.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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