Tradewinds Capital LP Acquires Retail Property In Laveen Village, AZ For $40.3M
7700 South 59th Avenue, Laveen, Arizona 85339, United States
$40,300,000
$369/SF
Building Size
109,219 SF
Asset Type
Retail
Closing
Oct 13, 2022
AI
The retail property located at 7700 S. 59th Ave in Laveen Village, AZ has been sold in a closed transaction. The property spans 109,219 square feet and was sold for a total price of $40,300,000, resulting in a price per square foot of $369. The buyer of the property was Tradewinds Capital LP, while the seller was Kitchell Corp. The transaction was facilitated by Ryan Schubert and Michael Hackett of Cushman & Wakefield.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $40,300,000
- Square Footage: 109,219
- Price per Square Foot: $369
- Address: 7700 S. 59th Ave, Laveen Village, AZ
- Market: Laveen Village, AZ
The sale of the retail property at 7700 S. 59th Ave involved the collaboration of Ryan Schubert and Michael Hackett of Cushman & Wakefield as representatives for the buyer and seller, respectively. They played a crucial role in facilitating the transaction and ensuring a successful deal for both parties.
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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93