MDC Realty Advisor Sells Retail Property In Phoenix & Scottsdale, AZ For $25.7M
539 West Mcdowell Road, Phoenix, Arizona 85003, United States
$25,700,000
Building Size
—
Asset Type
Retail
Closing
Jul 11, 2022
AI
The retail property located at 527-539 W. McDowell Road and 6590 N. Scottsdale Road in Phoenix and Scottsdale, AZ, has been sold for a price of $25,700,000. The sale was facilitated by MDC Realty Advisor.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $25,700,000
- Market: Phoenix & Scottsdale, AZ
- Seller: MDC Realty Advisor
The deal involved the sale of the retail asset at 527-539 W. McDowell Road and 6590 N. Scottsdale Road. The property is located in the Phoenix and Scottsdale market. The transaction was completed at a price of $25,700,000 with MDC Realty Advisor representing the seller.
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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93