Related Group Affiliate Acquires Office Property On North Kierland Blvd, Scottsdale
14646 North Kierland Boulevard Scottsdale, Arizona 85254, USA
$32,000,000
$402/SF
Building Size
79,537 SF
Asset Type
Office
Closing
May 9, 2023
About this deal
AI
An office property located at 14646 North Kierland Blvd in Scottsdale, AZ was recently sold for a price of $32,000,000. The property spans across an area of 79,537 square feet, resulting in a price per square foot of $402. It was sold on 05/09/2023 in a closed transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $32,000,000
- Address: 14646 North Kierland Blvd, Scottsdale, AZ
- Square footage: 79,537
- Price per square foot: $402
The buyer of this office property was an affiliate of Related Group. The brokerage firm involved in the transaction was Kidder Mathews.
Players
Scottsdale 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93