Chandler Heights Village Sold For $19.5M In Gilbert Retail Deal
3050 East Chandler Heights Road & 6348 East Chandler Heights Road
$19,500,000
$192/SF
Building Size
101,526 SF
Asset Type
Retail
Closing
Jan 12, 2024
AI
Chandler Heights Village, a retail property located at 3050-6348 East Chandler Heights Road in Gilbert, Arizona, has recently been sold. The property spans 50,763 square feet and was sold for a total price of $19,500,000, translating to a price per square foot of $384. The sale of Chandler Heights Village was facilitated by Chad Tiedeman and Danny Gardiner from Phoenix Commercial Advisors.
Summary of transaction details
- Property Type: Retail
- Sale Price: $19,500,000
- Square Footage: 50,763
- Price per Square Foot: $384
- Address: 3050-6348 East Chandler Heights Road, Gilbert, AZ
- Market: Gilbert, AZ
- Brokers: Chad Tiedeman & Danny Gardiner - Phoenix Commercial Advisors
The successful sale of Chandler Heights Village highlights the expertise and professionalism of Chad Tiedeman and Danny Gardiner from Phoenix Commercial Advisors. Their representation of the buyer and seller in this transaction exemplifies their commitment to delivering successful deals in the retail real estate sector.
Players
Gilbert Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93