Eric Stenson's Pivot 200 EVC Acquires Downtown Phoenix Office Building For $14.5M
200 East Van Buren Street
$14,500,000
$60/SF
Building Size
240,100 SF
Asset Type
Office
Closing
Dec 6, 2023
About this deal
AI
Pivot 200 EVC, an entity tied to Eric Stenson, CEO of Stenson Tamaddon, has acquired a 10-story office building located at 200 East Van Buren Street in Downtown Phoenix for $14.5 million. The property spans a total of 240,100 square feet and was sold at a price of $60 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $14,500,000
- Square Footage: 240,100 SF
- Price per Square Foot: $60
- Address: 200 East Van Buren Street, Phoenix, AZ
- Market: Phoenix, AZ
The buyer of the office building is Eric Stenson, representing Pivot 200 EVC. On the other hand, the seller is Steven Schwarz, from ViaWest Group.
On the Map
$14,500,000
$60/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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93