RB Apache Trail Acquires Retail Property In Pinal County, Phoenix For $2,175,000
2323 Apache Trail, Apache Junction, Pinal County, AZ, USA
$2,175,000
$1,453/SF
Building Size
1,496 SF
Asset Type
Retail
Closing
Apr 18, 2021
AI
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%.
Players
Apache Junction 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
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93