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2600 North 44th Street Phoe...

Updated Oct 29, 2024

Streamline Capital Group Acquires Phoenix Office Complex For $5 Million
SOLDOffice

Streamline Capital Group Acquires Phoenix Office Complex For $5 Million

2600 North 44th Street Phoenix, Az 85008, Usa

$5,000,000

$128/SF

Building Size

39,000 SF

Asset Type

Office

Closing

Jul 12, 2023

About this deal

AI

A two-building, 39,000-square-foot office complex in Phoenix has been sold to Streamline Capital Group, a new investment group in the East Valley. The property, located at 2600 North 44th Street, was acquired for a total of $5 million, at a price per square foot of $128.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $5,000,000
  • Square Footage: 39,000
  • Price per Square Foot: $128
  • Address: 2600 North 44th Street, Phoenix, AZ
  • Market: Phoenix, AZ

The buyers, Dave Hrizak, Frank Stirpe, and Scott Roney, representing Streamline Capital Group, led the acquisition of this office complex. With their new investment group, they aim to make their mark in the East Valley property market.

Players

Kansas City Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $128 per square foot on a published $5M for 39,000 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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