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Hinkson Co Acquires Retail Property In Mesa, AZ For $18.9M

Property Image
SOLD
$18,900,000
Ryan Schubert
Michael Hackett
Chris Hollenbeck

Arizona

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Retail349,143 SF
Sold 10/11/2022
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Property Image
SOLD

Hinkson Co Acquires Retail Property In Mesa, AZ For $18.9M

1728 South Greenfield, Mesa, Arizona 85206, United States

See Similar Deals
Retail349,143 SF
Sold 10/11/2022
Ryan Schubert
Michael Hackett
Chris Hollenbeck
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:Retail
Price Per Square Foot:$54
Total Square Footage:349,143 SF
Transaction Type:Sale

The retail property located at 1728 S Greenfield in Mesa, AZ has been sold in a recent transaction. The property has a total area of 349,143 square feet and was sold for a price of $18,900,000, resulting in a price per square foot of $54. The transaction took place on 10/11/2022.

Summary of transaction details

The transaction was facilitated by the brokers Michael Hackett, Ryan Schubert, and Chris Hollenbeck from Cushman & Wakefield. They represented the buyer and seller in the deal, ensuring a successful transaction for both parties involved.

Players

Chris Hollenbeck
Cushman & Wakefield
Chris Hollenbeck
11 deals$65.9M volume
BROKER
Michael Hackett
CBRE
Michael Hackett
12 deals$271.5M volume(602) 735-5555
BROKER
Ryan Schubert
CBRE
Ryan Schubert
13 deals$271.5M volume(602) 735-1945
BROKER

Details

SOLD
IMAGE: Michael Hackett, Chris Hollenbeck & Ryan Schubert DATE: 10/11/2022 ADDRESS: 1728 S Greenfield MARKET: Mesa, AZ ASSET TYPE: Retail BUYER: Hinkson Co SELLER: Greenfield Gateway LLC BROKERS: Michael Hackett, Ryan Schubert & Chris Hollenbeck - Cushman & Wakefield SALE PRICE: $18,900,000 SF: 349,143 ~ PPSF: $54

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,008,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$67,147.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$89,595.64
Annual Debt Service$1,075,147.71