Newmark Brokers Sell Retail Center In Apache Junction, AZ For $8M
10623 East Apache Trail
$8,000,000
$68/SF
Building Size
116,350 SF
Asset Type
Retail
Closing
Feb 7, 2024
About this deal
AI
The Marketplace at Signal Butte is a 116,350-square-foot retail center located at 10623 East Apache Trail in Apache Junction, AZ. The property was recently sold for $8,000,000, equating to approximately $69 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,000,000
- Address: 10623 East Apache Trail
- Market: Apache Junction, AZ
- Seller: Marketplace at Signal Butte SPE, LLC
- Brokers: Chase Dorsett, Jesse Goldsmith & Steve Julius - Newmark
Newmark's Chase Dorsett, Steve Julius, and Jesse Goldsmith were the key individuals representing Marketplace at Signal Butte SPE, LLC in this transaction, facilitating the sale of the retail center in Mesa, Arizona.
On the Map
$8,000,000
$68/SF
Retail
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Apache Junction Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93