BatchService Acquires Office Building In Tempe, AZ For $8.8M
4625 South Wendler Drive, Tempe, Arizona 85282, United States
$8,800,000
$200/SF
Building Size
44,000 SF
Asset Type
Office
Closing
Jul 17, 2022
About this deal
AI
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.
Players
Tempe 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93