Stevens-Leinweber Construction Acquires Phoenix Office Building For $3.85M
5045 North 12th Street Phoenix, Arizona 85014, USA
$3,850,000
$134/SF
Building Size
28,564 SF
Asset Type
Office
Closing
Jun 29, 2023
About this deal
AI
Stevens-Leinweber Construction (SLC), a prominent Phoenix-based general contractor, has purchased a two-story office building located at 5045 North 12th Street in the Camelback Corridor area for $3.85 million. The property spans 28,564 square feet and was sold by 5045 Associates LLC. The sale price per square foot stands at $135.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,850,000
- Address: 5045 North 12th Street
- Market: Phoenix, AZ
The buyer, Stevens-Leinweber Construction, was represented by Jamie Godwin. On the other hand, Chris Krewson from Newmark served as the buyer's representative. The seller, 5045 Associates LLC, was represented by Wally Hale and Drew Sampson from Avison Young.
On the Map
$3,850,000
$134/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93