HJ Red Mountain LLC Sells Mesa Retail Property For $16.4M With Cushman & Wakefield As Brokers
6632 East Mckellips Road, Mesa, Arizona 85215, United States
$16,400,000
$237,681/SF
Building Size
69 SF
Asset Type
Retail
Closing
Jan 24, 2023
AI
The retail property located at 6632 E McKellips Rd in Mesa, AZ has been sold for a total price of $16,400,000. The property spans across a total area of 69,270 square feet, resulting in a price per square foot of $237. The sale was facilitated by Ryan Schubert and Michael Hackett of Cushman & Wakefield, representing the seller, HJ Red Mountain LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $16,400,000
- Address: 6632 E McKellips Rd, Mesa, AZ
- Market: Mesa, AZ
- Square Footage: 69,270
- Price per Square Foot: $237
- Seller: HJ Red Mountain LLC
- Brokers: Ryan Schubert & Michael Hackett - Cushman & Wakefield
The successful transaction was made possible through the diligent efforts of Ryan Schubert and Michael Hackett from Cushman & Wakefield. Their expertise in the retail market and negotiation skills played a crucial role in the completion of this deal.
Players
Mesa 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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93