Macquarie Asset Management Acquires Office Building In Chandler, Arizona For $102M
3133 West Frye Road, Chandler, Arizona 85226, United States
$102,000,000
$408/SF
Building Size
250,000 SF
Asset Type
Office
Closing
Dec 22, 2021
About this deal
AI
Hines has sold an office property located at 3133 W. Frye Road in Chandler, Arizona. The transaction closed on 12/22/2021 for a total sale price of $102,000,000. The property spans 250,000 square feet, resulting in a price per square foot of $408. Macquarie Asset Management, represented by Christopher Quiett, acted as the buyer in the deal.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $102,000,000
- Address: 3133 W. Frye Road, Chandler, AZ
- Market: Chandler, Arizona
- Square Footage: 250,000
- Price per Square Foot: $408
- Buyer: Macquarie Asset Management - Christopher Quiett
- Seller: Hines
Christopher Quiett, representing Macquarie Asset Management, was the buyer in this transaction. Hines, the seller, completed the deal with a sale price of $102,000,000. The office property, situated at 3133 W. Frye Road in Chandler, Arizona, spans a total of 250,000 square feet, resulting in a price per square foot of $408.
On the Map
$102,000,000
$408/SF
Office
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Players
Chandler 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
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93