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3300 East Union Hills Drive

Marcus & Millichap Sells Fully Leased Retail Property To Busy Bees Child Care For $3.3M
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

Chris Lind

Marcus & Millichap

Broker

$230.3M

vol

36 deals

Broker

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93