SOLDRetail
Marcus & Millichap Sells Mesa Retail Property For $18.5M
1933 East Brown Road, Mesa, Arizona 85203, United States
$18,500,000
$336,363/SF
Building Size
55 SF
Asset Type
Retail
Closing
Jan 20, 2023
About this deal
AI
A retail property located at 1933 E Brown Rd in Mesa, AZ has been sold for a total of $18,500,000. The property spans 55,615 square feet, resulting in a price per square foot of $333.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $18,500,000
- Address: 1933 E Brown Rd, Mesa, AZ
- Market: Mesa, AZ
- Broker: Ryan Sarbinoff - Marcus & Millichap
- Square Footage: 55,615
- Price per Square Foot: $333
Ryan Sarbinoff from Marcus & Millichap represented the parties involved in this retail property transaction.
Players
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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93