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
About this deal
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