Fox Properties Surprise LLC Acquires Retail Property For $2.4M In Surprise, AZ
13649 North Litchfield Road
$2,400,000
$299/SF
Building Size
8,009 SF
Asset Type
Retail
Closing
Feb 27, 2024
AI
A multi-tenant retail pad building spanning 8,009 square feet located at 13649 North Litchfield Road in Surprise, AZ, was successfully sold for $2.4 million. The property was acquired by Fox Properties Surprise LLC from Parkview Realty Investments LLC in a transaction facilitated by ORION Investment Real Estate.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,400,000
- Market: Surprise, AZ
- Acres: 3.17
- Buyer: Fox Properties Surprise LLC
- Seller: Parkview Realty Investments LLC
- Buyer's Rep: Nick Miner - Orion Investment Real Estate
- Seller's Rep: Paul Blum - West USA
- SF: 8,009
- Price per SF: $300
Nick Miner from Orion Investment Real Estate represented the buyer, Fox Properties Surprise LLC, in the transaction, while Paul Blum from West USA served as the seller's representative, managing the sale of the retail property in Surprise, AZ.
Players
Surprise 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93