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
About this deal
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