Schnitzer Properties Acquires Retail Asset In Chandler, AZ For $28.9M
890 North 54th Street, Chandler, Arizona 85226, United States
$28,975,000
Building Size
—
Asset Type
Retail
Closing
Jul 19, 2022
About this deal
AI
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.
On the Map
$28,975,000
Retail
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Players
Chandler 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93