Matthews Real Estate Investment Services Facilitates $9.5M Sale Of Retail Property In Phoenix, AZ
4836 East Chandler Boulevard
$9,500,000
$211/SF
Building Size
45,000 SF
Asset Type
Retail
Closing
Nov 7, 2023
About this deal
AI
Matthews Real Estate Investment Services has facilitated the sale of a retail property at 4836 E. Chandler Blvd. in Phoenix, Arizona. The property spans approximately 5.13 acres and features a total of 45,000 square feet. The transaction took place on November 7, 2023, with a sale price of $9,500,000, resulting in a price per square foot of $211.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,500,000
- Address: 4836 East Chandler Boulevard, Phoenix, AZ
- Market: Phoenix, AZ
- Asset Type: Retail
- Acres: 5.13
The sale of the retail property was brokered by Brandon Perez from Matthews Real Estate Investment Services. Perez represented the parties involved in the transaction, ensuring a successful deal for the buyer and seller.
It is noteworthy that Matthews Real Estate Investment Services played a significant role in facilitating the transaction, resulting in the successful sale of the retail property at 4836 E. Chandler Blvd. in Phoenix for a total of $9.5 million.
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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93