Marcus & Millichap Sells Phoenix Retail Property On W. Baseline Road For $2.1M With Mark Ruble & Chris Lind - Marcus & Millichap
5349 West Baseline Road, Phoenix, AZ, USA
$2,100,000
$300/SF
Building Size
7,000 SF
Asset Type
Retail
Closing
Nov 29, 2021
About this deal
AI
Located at 5349 W. Baseline Road in Phoenix, this retail property was recently sold on November 29, 2021. The transaction was facilitated by brokers Mark Ruble and Chris Lind of Marcus & Millichap. The property spans 7,000 square feet and was sold at a price of $2,100,000, resulting in a price per square foot of $300.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,100,000
- Market: Phoenix
- Square Footage: 7,000
- Price Per Square Foot: $300
This successful deal was made possible by the expertise and representation provided by Mark Ruble and Chris Lind from Marcus & Millichap. Their commitment to the transaction helped secure the sale of this retail property in Phoenix.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93