RB Apache Trail Acquires Retail Property In Pinal County, Phoenix For $2,175,000
SOLD
$2,175,000
Arizona
See Similar DealsRetail1,496 SF
Sold
SOLD
RB Apache Trail Acquires Retail Property In Pinal County, Phoenix For $2,175,000
2323 Apache Trail, Apache Junction, Pinal County, AZ, USA
See Similar DealsRetail1,496 SF
Sold
Summary
ARIZONA
Asset Type:Retail
Price Per Square Foot:$1,453
Total Square Footage:1,496 SF
Transaction Type:Sale
An Apache Junction retail property located at 2323 W. Apache Trail in Pinal County, Phoenix, was recently sold. The transaction, which took place on April 19, 2021, involved a retail asset in the market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,175,000
- Address: 2323 W. Apache Trail
- Market: Pinal County, Phoenix
The buyer in this transaction was RB Apache Trail, while FLG Living Trust acted as the seller. The buyer was represented by Jared Smits from Lee & Associates-LA North/Ventura.
The retail property had an asking price of $2,200,000 and was eventually sold for $2,175,000. It spans approximately 1,496 square feet, resulting in a price per square foot of $1,454. The transaction carried a capitalization rate of 5.20%.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,727.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,310.61
Annual Debt Service$123,727.32
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