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
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.
Players
Chandler Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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