1277 Investment Alliance Acquires Office Building For $9 Million In Phoenix, AZ
1277 East Missouri Avenue, Phoenix, Arizona 85014, United States
$9,000,000
$362/SF
Building Size
24,800 SF
Asset Type
Office
Closing
Jun 16, 2022
About this deal
AI
The office property located at 1277 E Missouri Ave in Phoenix, AZ has been sold for a price of $9,000,000. Spanning an area of 24,800 square feet, the property was acquired by 1277 Investment Alliance from Helix Properties. The transaction was facilitated by Mike Wichterman from Cushman & Wakefield.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,000,000
- Square Footage: 24,800
- Price Per Square Foot: $365
- Address: 1277 E Missouri Ave, Phoenix, AZ
- Market: Phoenix, AZ
Mike Wichterman from Cushman & Wakefield served as the broker in this sale. This successful transaction highlights the involvement of key individuals and companies in the real estate market.
On the Map
$9,000,000
$362/SF
Office
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Players
Phoenix Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93