Hunt Retail Investment Acquires Northsight Crossing Retail Property In Scottsdale, AZ For $27.4M
14891 North Northsight Boulevard
$27,400,000
$244/SF
Building Size
112,000 SF
Asset Type
Retail
Closing
Oct 27, 2023
About this deal
AI
Hunt Retail Investment LLC, a local investor, has acquired the 112,000-square-foot retail property known as Northsight Crossing in Scottsdale, Arizona. The property, located at 14891 North Northsight Boulevard, was sold for $27.4 million, at a rate of $244.64 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $27,400,000
- Square Footage: 112,000
- Price Per Square Foot: $244.64
- Address: 14891 North Northsight Boulevard, Scottsdale, AZ
- Market: Scottsdale, AZ
The buyer in this transaction was Hunt Retail Investment LLC, while the seller was Chris Loeffler of Caliber Cos.
Players
Scottsdale 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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93