facebook

traded

+ Submit
Home

/

Deals

/

Arizona

/

Office

/

Sale

/

7529 E Broadway Rd

Hipp Investments LLC Acquires Office Building From Southwest Cardiovascular Associates For $10.4M In Mesa
SOLDOffice

Hipp Investments LLC Acquires Office Building From Southwest Cardiovascular Associates For $10.4M In Mesa

7529 E Broadway Rd

$10,400,000

$622/SF

Building Size

16,700 SF

Asset Type

Office

Closing

Oct 18, 2024

AI

The property involved in this transaction is an office asset located at 7529 E Broadway Rd in Mesa. The transaction was finalized at a price of $10,400,000.00, encompassing a total area of 16,700 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $10,400,000.00
  • Address: 7529 E Broadway Rd
  • Market: Mesa
  • Square Footage: 16,700.0
  • Buyer: Hipp Investments, LLC
  • Seller: Southwest Cardiovascular Associates
  • Brokers: Zack Harris(), Michael Dupuy(), Zack Harris(Kidder Mathews)

The transaction included key individuals, with Zack Harris and Michael Dupuy representing the brokerage aspect of the deal. Zack Harris is affiliated with Kidder Mathews, indicating a collaborative effort in facilitating the transaction.

Players

Zack Harris

Kidder Mathews

Broker

$30M

vol

3 deals

Broker
HL
Hipp Investments, LLCBuyer
SA
Southwest Cardiovascular AssociatesSeller

Mesa Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93