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
About this deal
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
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