Citywide Commercial Real Estate Sells Office Property In Scottsdale, AZ For $7M
7585 East Redfield Road
$7,000,000
$81/SF
Building Size
86,268 SF
Asset Type
Office
Closing
Dec 15, 2022
AI
The office property located at 7585-7595 E Redfield Rd in Scottsdale, AZ has been sold. The transaction was facilitated by Adam Shteir, Todd Hamilton, and Chad Kirkorsky from Citywide Commercial Real Estate. The sale price for the property was $7,000,000. The office space spans an area of 86,268 square feet, resulting in a price per square foot of $81.
Summary of transation details
- Property Type: Office
- Transaction Amount: $7,000,000
- Address: 7585-7595 E Redfield Rd, Scottsdale, AZ
- Brokers: Adam Shteir, Todd Hamilton, and Chad Kirkorsky - Citywide Commercial Real Estate
- Square Footage: 86,268
- Price Per Square Foot: $81
The deal was successfully executed with the assistance of Adam Shteir, Todd Hamilton, and Chad Kirkorsky from Citywide Commercial Real Estate. Their expertise in the real estate industry played a crucial role in facilitating this transaction.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93