Thompson Thrift Retail Group Sells Retail Property In Maricopa, AZ For $34M
20300 N John Wayne Pkwy, Maricopa, Arizona 85139, United States
$34,000,000
$461/SF
Building Size
73,692 SF
Asset Type
Retail
Closing
Jun 6, 2022
About this deal
AI
The retail property located at 20300 N John Wayne Pkwy in Maricopa, AZ has been sold. The property spans across 10.2 acres and has a total area of 73,692 square feet. The transaction was completed on 06/07/2022.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $34,000,000
- Price Per Square Foot: $461
- Seller: Thompson Thrift Retail Group
- Brokers: Danny Gardiner & Chad Tiedeman - Phoenix Commercial Advisors
Danny Gardiner and Chad Tiedeman from Phoenix Commercial Advisors represented the seller, Thompson Thrift Retail Group, in this transaction.
Players
Maricopa 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93