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9221 E Baseline Rd, Mesa, A...

Alan Development, LLC Acquires Retail Property In Mesa, AZ For $9.7M From Seller Village Augusta SPE
SOLDRetail

Alan Development, LLC Acquires Retail Property In Mesa, AZ For $9.7M From Seller Village Augusta SPE

9221 E Baseline Rd, Mesa, AZ, USA

$9,700,000

$377/SF

Building Size

25,714 SF

Asset Type

Retail

Closing

Oct 5, 2021

AI

The retail property located at 9221 & 9303 E Baseline Rd in Mesa, AZ has been sold for a price of $9,700,000. The property spans across 25,714 square feet, resulting in a price per square foot of $377. The sale was completed on October 5, 2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,700,000
  • Address: 9221 & 9303 E Baseline Rd, Mesa, AZ
  • Market: Mesa, AZ

The buyer in this transaction was Alan Development, LLC. The seller was Village Augusta SPE. The deal was facilitated by Jesse Goldsmith, Steve Julius, and Chase Dorsett, who represented the parties involved in the transaction on behalf of Newmark.

Players

Jesse Goldsmith

Newmark

Broker

$127.4M

vol

11 deals

Broker
WC
WS CommunitiesBuyer

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

1.64%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93