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Lena Centers Acquires Foothill Shopping Center In Phoenix For $10.3 Million
SOLD
$10,300,000
Arizona
See Similar DealsRetail78,186 SF
Sold 08/19/2025
SOLD
Lena Centers Acquires Foothill Shopping Center In Phoenix For $10.3 Million
5833 South Central Avenue
See Similar DealsRetail78,186 SF
Sold 08/19/2025
Summary
ARIZONA
Asset Type:Retail
Price Per Square Foot:$131
Total Square Footage:78,186 SF
Transaction Type:Sale
The property asset involved in the transaction is a retail space located at 5833 South Central Avenue, Phoenix, AZ. The sale was finalized for $10,300,000, encompassing a total area of 78,186 square feet, which translates to a price per square foot of $132.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $10,300,000
- Buyer: Lena Centers
- Seller: S Clay Management
- Brokers: Steve Julius, Jesse Goldsmith & Chase Dorsett - Newmark
Newmark facilitated the transaction, representing the longtime owner S Clay Management during the sale of the Foothill Shopping Center.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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