BatchService Acquires Office Building In Tempe, AZ For $8.8M
SOLD
$8,800,000
Arizona
See Similar DealsOffice44,000 SF
Sold 07/18/2022
SOLD
BatchService Acquires Office Building In Tempe, AZ For $8.8M
4625 South Wendler Drive, Tempe, Arizona 85282, United States
See Similar DealsOffice44,000 SF
Sold 07/18/2022
Summary
ARIZONA
Asset Type:Office
Price Per Square Foot:$200
Total Square Footage:44,000 SF
Transaction Type:Sale
An office property located at 4625 S Wendler Dr in Tempe, AZ has been sold in a recent transaction. The property spans 44,000 square feet and was sold for a total price of $8,800,000, resulting in a price per square foot of $200.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,800,000
- Address: 4625 S Wendler Dr, Tempe, AZ
- Market: Tempe, AZ
The buyer in this transaction is BatchService. Representing the buyer is Eddie Gonzalez from SVN Desert Commercial Advisors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$469,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,264.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,716.49
Annual Debt Service$500,597.87
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