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Marcus & Millichap Sells Fully Leased Retail Property To Busy Bees Child Care For $3.3M
SOLD
$3,300,000
+ 1
Arizona
See Similar DealsRetail
Sold 05/30/2025
SOLD
Marcus & Millichap Sells Fully Leased Retail Property To Busy Bees Child Care For $3.3M
3300 East Union Hills Drive
See Similar DealsRetail
Sold 05/30/2025
+ 1
Summary
ARIZONA
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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