SOLDRetail
Marcus & Millichap Sells Fully Leased Retail Property To Busy Bees Child Care For $3.3M
3300 East Union Hills Drive
$3,300,000
Building Size
—
Asset Type
Retail
Closing
May 30, 2025
AI
A retail property located at 3300 East Union Hills Drive in Phoenix, AZ, was sold for $3,300,000. The property is fully leased to Busy Bees Child Care.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $3,300,000
- Address: 3300 East Union Hills Drive
- Market: Phoenix, AZ
The transaction was facilitated by the brokerage firm Marcus & Millichap, with Chris Lind, Mark Ruble, Spencer Berkley, and Zack House representing the parties involved in the deal.
Players
Phoenix 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93