Lanwin 120 Windsor LLC Acquires Retail Property In Gilbert, AZ For $5.8M
777 West Ray Road Gilbert, Arizona 85233, USA
$5,800,000
$2,837/SF
Building Size
2,044 SF
Asset Type
Retail
Closing
Aug 18, 2023
About this deal
AI
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:
- Property Type: Retail
- Transaction Amount: $5,800,000
- Address: 777 West Ray Road, Gilbert, AZ
- Market: Gilbert, AZ
- Broker: Barton Thompson - Pinnacle Real Estate Advisors
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.
On the Map
$5,800,000
$2,837/SF
Retail
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Gilbert 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93