Bryan Ledbetter & Sanford Burstyn Close $12.3M Retail Sale Deal In Mesa, AZ
1245 East Southern Avenue, Mesa, Arizona 85204, United States
$12,300,000
$154/SF
Building Size
79,743 SF
Asset Type
Retail
Closing
Jun 5, 2022
About this deal
AI
The property involved in this closed transaction is a retail asset located at 1245 E Southern Ave in Mesa, AZ. The property spans a total area of 79,743 square feet. The transaction took place on 06/06/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,300,000
- Price per Square Foot: $154
- Market: Mesa, AZ
The buyer in this transaction was represented by Bryan Ledbetter & Bryan Baits from Western Retail Advisors. On the other hand, Sanford Burstyn from Marcus & Millichap acted as the seller's representative.
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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93