4545 Investment Alliance LLC Acquires Office Building In Phoenix, AZ For $8.2M
SOLD
$8,200,000
Arizona
See Similar DealsOffice46,574 SF
Sold 08/22/2022
SOLD
4545 Investment Alliance LLC Acquires Office Building In Phoenix, AZ For $8.2M
4545 East Shea Boulevard, Phoenix, Arizona 85028, United States
See Similar DealsOffice46,574 SF
Sold 08/22/2022
Summary
ARIZONA
Asset Type:Office
Price Per Square Foot:$176
Total Square Footage:46,574 SF
Transaction Type:Sale
The office property located at 4545 E Shea Blvd in Phoenix, AZ has been sold in a recent transaction. The property, spanning 46,574 square feet, was sold for a total price of $8,200,000, resulting in a price per square foot of $176.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,200,000
- Address: 4545 E Shea Blvd, Phoenix, AZ
- Market: Phoenix, AZ
The buyer of the property was 4545 Investment Alliance LLC, while the seller was Jumping Cholla II LLC. The deal was facilitated by brokers Eric Wichterman and Mike Coover from Cushman & Wakefield.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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