Marcus & Millichap Orchestrates $3.6M Sale Of Retail Property In Phoenix
320 West Bell Road
$3,600,000
$467/SF
Building Size
7,700 SF
Asset Type
Retail
Closing
Nov 15, 2023
About this deal
AI
Marcus & Millichap has orchestrated the sale of a retail property located at 320 West Bell Road in Phoenix, Arizona. The property was sold for a total price of $3,600,000. It spans a total area of 7,700 square feet, resulting in a price per square foot of $468. The transaction took place on November 15, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,600,000
- Address: 320 West Bell Road, Phoenix, AZ
- Market: Phoenix, AZ
- Square Footage: 7,700
- Price Per Square Foot: $468
The sale of the retail property at 320 West Bell Road was facilitated by the brokers Chris Lund, Mark Ruble, and Matthew Jarecki from Marcus & Millichap.
Note: Marcus & Millichap played a key role in successfully closing the deal for the retail property at 320 W. Bell Road in Phoenix, Arizona, which was sold for a total of $3.6 million.
Players
Phoenix 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93