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MCA Realty Acquires Retail Property In Sedona, AZ For $12.5M

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SOLD
$12,500,000

Arizona

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Retail35,000 SF
Sold 10/13/2022
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Property Image
SOLD

MCA Realty Acquires Retail Property In Sedona, AZ For $12.5M

671 AZ-179, Sedona, AZ 86336, United States

See Similar Deals
Retail35,000 SF
Sold 10/13/2022
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Summary

ARIZONA
Asset Type:Retail
Price Per Square Foot:$357
Total Square Footage:35,000 SF
Transaction Type:Sale

The retail property located at 671 AZ-179 in Sedona, AZ has been sold for a total price of $12,500,000. The property spans across 35,000 square feet and was sold at a rate of $357 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $12,500,000
  • Square Footage: 35,000
  • Price per Square Foot: $357

MCA Realty has acquired the property. The deal was facilitated by Tracy Cartledge, Bob Buckley, Shane Carter & Chris Hollenbeck from Cushman & Wakefield.

Players

Chris Hollenbeck
11 deals$65.9M volume
BROKER

MCA Realty
BUYER

Details

SOLD
IMAGE: Tracy Cartledge, Bob Buckley, Shane Carter & Chris Hollenbeck DATE: 10/13/2022 ADDRESS: 671 AZ-179 MARKET: Sedona, AZ ASSET TYPE: Retail BUYER: MCA Realty BROKERS: Tracy Cartledge, Bob Buckley, Shane Carter & Chris Hollenbeck - Cushman & Wakefield SALE PRICE: $12,500,000 SF: 35,000 ~ PPSF: $357

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$666,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53