SOLDRetail
Junam Enterprises Inc Purchases Retail Center In Phoenix From Dayanim Real Estate Corporation For $10.6M
3434 West Greenway Road
$10,600,000
$150/SF
Building Size
70,439 SF
Asset Type
Retail
Closing
Jan 24, 2025
AI
A retail center located at 3434 West Greenway Road in Phoenix, AZ, was sold for $10,600,000. The property encompasses 70,439 square feet and is priced at $150 per square foot. The retail center is anchored by Smart & Final and Aaron’s.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,600,000
- Buyer: Junam Enterprises, Inc
- Seller: Dayanim Real Estate Corporation
- Brokers: Darren Tappen, Nathan Thinnes, Patrick Gardner & Peter Beauchamp - Kidder Mathews
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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93