Yonezawa-Miller Company Acquires Office Property On E Greenway Pkwy In Scottsdale, AZ For $37.75M
7047 East Greenway Parkway, Scottsdale, Arizona 85254, United States
$37,750,000
$343/SF
Building Size
109,811 SF
Asset Type
Office
Closing
Dec 18, 2021
AI
The recently closed property transaction in Scottsdale, Arizona involved the sale of an office asset located at 7047 E Greenway Parkway. Spanning across 2.57 acres, the property offers a total of 109,811 square feet of space. The transaction took place on December 18, 2021, and was facilitated by Cushman & Wakefield brokers Eric Wichterman, Mike Coover, Steve Lindley, and Alexandra Loye.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $37,750,000
- Market: Scottsdale, Arizona
- Address: 7047 E Greenway Parkway
- Size: 2.57 acres (109,811 square feet)
The buyer in this transaction was Yonezawa-Miller Company, LLC, while Starwood Property Trust served as the seller. Eric Wichterman, Mike Coover, Steve Lindley, and Alexandra Loye represented Cushman & Wakefield in this deal. The price per square foot for this transaction was $344.
Players
Scottsdale 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93