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8027 East Main Street, Mesa...

Faith Works Auto Acquires Retail Property On E Main St In Mesa, AZ For $1M
SOLDRetail

Faith Works Auto Acquires Retail Property On E Main St In Mesa, AZ For $1M

8027 East Main Street, Mesa, Arizona 85205, United States

$1,000,000

Building Size

Asset Type

Retail

Closing

Jun 1, 2022

AI

Located at 8027 E Main St in Mesa, AZ, this retail property was recently sold in a closed transaction. The property, with an address attracting potential customers, offers an excellent opportunity for businesses in the area. The sale price for this retail asset was $1,000,000, reflecting its market value.

Summary of transaction details

Nick Miner, representing Faith Works Auto, negotiated this successful transaction with the seller's representative, Aleta Ruark. Both parties worked diligently to ensure a smooth closing for the purchase of this retail property in Mesa, AZ.

Players

Nick Miner

Orion Investment Real Estate

Broker

$3.4M

vol

2 deals

Broker
RT
Revocable TrustSeller

Mesa 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93