Phoenix Commercial Advisors Represents $16.7M Sale Of 6.8 Acre Retail Property In Chandler, AZ
1375 S Arizona Ave, Chandler, Arizona 85286, United States
$16,700,000
$293/SF
Building Size
56,852 SF
Asset Type
Retail
Closing
Jul 19, 2022
About this deal
AI
The retail property located at 1375 S Arizona Ave in Chandler, AZ has been sold. The property spans across 6.8 acres and features a total area of 56,852 square feet. The transaction took place on July 20, 2022, with a sale price of $16,700,000. The price per square foot for the property is $294.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $16,700,000
- Address: 1375 S Arizona Ave, Chandler, AZ
- Market: Chandler, AZ
- Acres: 6.8
The sale of this property was facilitated by John Schweikert, Danny Gardiner, and Chad Tiedeman from Phoenix Commercial Advisors. They served as the brokers representing the parties involved in the transaction.
Players
Chandler 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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93