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Lanwin 120 Windsor LLC Acquires Retail Property In Gilbert, AZ For $5.8M

Property Image
SOLD
$5,800,000

Arizona

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Retail2,044 SF
Sold 08/18/2023
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Property Image
SOLD

Lanwin 120 Windsor LLC Acquires Retail Property In Gilbert, AZ For $5.8M

777 West Ray Road Gilbert, Arizona 85233, USA

See Similar Deals
Retail2,044 SF
Sold 08/18/2023
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Retail
Price Per Square Foot:$2,837
Total Square Footage:2,044 SF
Transaction Type:Sale

Lanwin 120 Windsor LLC has purchased a retail property located at 777 West Ray Road in Gilbert, AZ. The property was sold for a total of $5,800,000. The asset is a 2,044-square-foot space and was sold at a price per square foot of $2,838. It is situated in the bustling market of Gilbert, AZ.

Summary of transaction details:

Pinnacle Real Estate Advisors represented the buyer, Lanwin 120 Windsor LLC, in the acquisition of the retail property. The property includes a gas station occupying the space under a 20-year lease with zero landlord responsibilities. This deal showcases the expertise of Barton Thompson from Pinnacle Real Estate Advisors in facilitating successful transactions.

Players

BT
Pinnacle Real Estate Advisors
Barton Thompson
3 deals$12.8M volume
BROKER

Details

SOLD
IMAGE: Barton Thompson DATE: 08/18/2023 ADDRESS: 777 West Ray Road MARKET: Gilbert, AZ ASSET TYPE: Retail BROKER: Barton Thompson - Pinnacle Real Estate Advisors SALE PRICE: $5,800,000 SF: 2,044 ~ PPSF: $2,838 NOTE: Pinnacle Real Estate Advisors facilitated the acquisition of retail property at 777 W. Ray Road in Gilbert. Lanwin 120 Windsor LLC purchased the property for $5.8 million, which includes a gas station occupying the 2,044-square-foot space on a 20-year lease with zero landlord responsibilities.

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
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