4700 Alliance LLC Acquires Retail Property In Phoenix For $4.4M
4700 North 12th Street, Phoenix, Arizona 85014, United States
$4,400,000
Building Size
—
Asset Type
Retail
Closing
Nov 6, 2022
AI
4700 N 12th St in Phoenix, AZ has been sold in a retail property transaction. The property was purchased by 4700 Alliance LLC from Tortosa LLC for a sale price of $4,400,000. The transaction took place on 11/07/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,400,000
- Address: 4700 N 12th St, Phoenix, AZ
- Market: Phoenix, AZ
The buyer in this transaction is 4700 Alliance LLC. The seller is Tortosa LLC. The deal was facilitated by brokers Eric Wichterman, Mike Coover, Steve Lindley, and Alexandra Loye from Cushman & Wakefield.
Players
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93