4545 Investment Alliance LLC Acquires Office Building In Phoenix, AZ For $8.2M
4545 East Shea Boulevard, Phoenix, Arizona 85028, United States
$8,200,000
$176/SF
Building Size
46,574 SF
Asset Type
Office
Closing
Aug 21, 2022
About this deal
AI
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.
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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93