Masyno Holding Acquires Mixed-Use Property In Phoenix, AZ For $12M
800 North 1st Street Phoenix, Arizona 85004, USA
$12,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 14, 2023
AI
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.
Players
Phoenix Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93