Marcus & Millichap Sells Mesa Retail Property For $3.3M
1158 South Crismon Road, Mesa, Arizona 85208, United States
$3,300,000
$220/SF
Building Size
14,992 SF
Asset Type
Retail
Closing
Jun 28, 2022
About this deal
AI
The retail property located at 1158 S Crismon Rd in Mesa, AZ has been sold for a price of $3,300,000. The property spans a total area of 14,992 square feet, resulting in a price per square foot of $220.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,300,000
- Address: 1158 S Crismon Rd, Mesa, AZ
- Market: Mesa, AZ
- Size: 14,992 square feet
- Price per Square Foot: $220
The sale of this retail property was facilitated by Chris Land and Mark Ruble of Marcus & Millichap.
Players
Mesa 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93