Hipp Investments LLC Acquires Office Building From Southwest Cardiovascular Associates For $10.4M In Mesa
SOLD
$10,400,000
Arizona
See Similar DealsOffice16,700 SF
Sold 10/18/2024
SOLD
Hipp Investments LLC Acquires Office Building From Southwest Cardiovascular Associates For $10.4M In Mesa
7529 E Broadway Rd
See Similar DealsOffice16,700 SF
Sold 10/18/2024
Summary
ARIZONA
Asset Type:Office
Price Per Square Foot:$622
Total Square Footage:16,700 SF
Lot Square Footage:92792 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$554,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67
Is there something missing? Send suggestions