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
- Property Type: Retail
- Transaction Amount: $1,000,000
- Buyer: Faith Works Auto
- Seller: Billy G Revocable Trust
- Buyer's Representative: Nick Miner - Orion Investment Real Estate
- Seller's Representative: Aleta Ruark of Russ Lyons Realty
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
Mesa 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93