Schnitzer Properties Acquires Retail Asset In Chandler, AZ For $28.9M
SOLD
$28,975,000
Arizona
See Similar DealsRetail
Sold 07/20/2022
SOLD
Schnitzer Properties Acquires Retail Asset In Chandler, AZ For $28.9M
890 North 54th Street, Chandler, Arizona 85226, United States
See Similar DealsRetail
Sold 07/20/2022
Summary
ARIZONA
Asset Type:Retail
Transaction Type:Sale
The retail property located at 800-890 N 54th St in Chandler, AZ has been sold in a closed transaction. The property spans across 18 acres and was sold for a total of $28,975,000. The sale took place on July 20, 2022.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $28,975,000
- Address: 800-890 N 54th St, Chandler, AZ
- Market: Chandler, AZ
- Acres: 18
Schnitzer Properties purchased the property from Evergreen Devco, Inc. The sale was facilitated by brokers Patrick Dempsey, Gleb Lvovich, and Patrick Anthon from JLL.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,545,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$102,942.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,356.28
Annual Debt Service$1,648,275.39
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