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1728 South Greenfield, Mesa...

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

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

1728 South Greenfield, Mesa, Arizona 85206, United States

$18,900,000

$54/SF

Building Size

349,143 SF

Asset Type

Retail

Closing

Oct 10, 2022

AI

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

Broker

$65.9M

vol

11 deals

Broker

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

0.84%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93