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7047 East Greenway Parkway,...

Yonezawa-Miller Company Acquires Office Property On E Greenway Pkwy In Scottsdale, AZ For $37.75M
SOLDOffice

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

Eric Wichterman

Cushman & Wakefield

Broker

$473.8M

vol

26 deals

Broker
Starwood Capital Group
Starwood Capital GroupSeller
Starwood Capital Group
Starwood Capital GroupLender

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