California-Based Investor Acquires Busy Bees Childcare Property In Chandler For $3.3M
3700 West Ray Road
$3,300,000
$302/SF
Building Size
10,904 SF
Asset Type
Retail
Closing
Apr 8, 2025
AI
A childcare property occupied by Busy Bees has been sold in Chandler, AZ. The retail asset, located at 3700 West Ray Road, comprises a total square footage of 10,904 and has been transacted for a price of $3,300,000. The property features an absolute triple-net lease with 15 years remaining.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,300,000
- Square Feet: 10,904
- Price Per Square Foot: $303
- Address: 3700 West Ray Road, Chandler, AZ
- Broker: Alexander Moore - SRS Real Estate Partners
A California-based private investor facilitated the acquisition of the property, indicating an ongoing interest in the childcare sector within the Chandler market. The transaction was brokered by SRS Real Estate Partners, highlighting their role in managing this deal.
Chandler 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