facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Arizona

/

Office

/

Sale

/

13028 W Rancho Santa Fe Blvd

Montecito Medical Real Estate Acquires Office In Avondale From MCR Companies For $16M
SOLDOffice

Montecito Medical Real Estate Acquires Office In Avondale From MCR Companies For $16M

13028 W Rancho Santa Fe Blvd

$16,000,000

$551/SF

Building Size

29,017 SF

Asset Type

Office

Closing

Apr 8, 2025

AI

The property asset involved in this transaction is an office space located at 13028 W Rancho Santa Fe Blvd in the Avondale market. The sale was completed for a price of $16,000,000.00, encompassing a total square footage of 29,017.0.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $16,000,000.00
  • Address: 13028 W Rancho Santa Fe Blvd
  • Market: Avondale
  • Square Footage: 29,017.0
  • Buyer: Montecito Medical Real Estate
  • Seller: MCR Companies
  • Brokers: Michael Dupuy, Zack Harris (Kidder Mathews)

Montecito Medical Real Estate acted as the buyer in this transaction, while MCR Companies was the seller. The brokerage representation for the deal was provided by Michael Dupuy and Zack Harris from Kidder Mathews, highlighting the professional involvement in facilitating the transaction.

Players

Zack Harris

Kidder Mathews

Broker

$30M

vol

3 deals

Broker
Montecito Medical Real Estate
Montecito Medical Real EstateBuyer

Avondale Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93