InCommercial Net Lese DST 4 Acquires Retail Property For $4.5M In Mesa, AZ
1860 East McKellips Road, Mesa, AZ 85203, USA
$4,465,333
$714/SF
Building Size
6,253 SF
Asset Type
Retail
Closing
Sep 29, 2021
About this deal
AI
Ibrahim Al-Rashid has recently sold a retail property located at 1860 E. McKellips Rd in Mesa, AZ. The property was purchased by InCommercial Net Lese DST 4 for a total of $4,465,333. The retail asset spans across 6,253 square feet and was sold for a price per square foot of $714.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,465,333
- Address: 1860 E. McKellips Rd, Mesa, AZ
- Market: Mesa, AZ
- Buyer: InCommercial Net Lese DST 4
- Seller: Limestone Asset Management - Ibrahim Al-Rashid, & Orion Real Estate Group - Shira Orion
- Square Footage: 6,253
Limestone Asset Management, represented by Ibrahim Al-Rashid, and Orion Real Estate Group, represented by Shira Orion, were the sellers in this retail property transaction. The buyer, InCommercial Net Lese DST 4, successfully acquired the asset. This sale represents a significant deal in the retail market of Mesa, AZ.
On the Map
$4,465,333
$714/SF
Retail
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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
3.55%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93