4700 Alliance LLC Acquires Retail Property In Phoenix For $4.4M
SOLD
$4,400,000
+ 1
Arizona
See Similar DealsRetail
Sold 11/07/2022
SOLD
4700 Alliance LLC Acquires Retail Property In Phoenix For $4.4M
4700 North 12th Street, Phoenix, Arizona 85014, United States
See Similar DealsRetail
Sold 11/07/2022
+ 1
Summary
ARIZONA
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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