Newmark Brokers Sell Scottsdale Retail Property For $23.5M
9310 E Via de Ventura, Scottsdale, Arizona 85258, United States
$23,500,000
$635,135/SF
Building Size
37 SF
Asset Type
Retail
Closing
Apr 17, 2023
About this deal
AI
The retail property located at 9310 East Vía de Ventura in Scottsdale, AZ has been sold for $23,500,000. The property spans 37,958 square feet, resulting in a price per square foot of $619.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,500,000
- Address: 9310 East Vía de Ventura, Scottsdale, AZ
- Square Footage: 37,958
- Price per Square Foot: $619
- Market: Scottsdale, AZ
The sale of this retail property was facilitated by Jesse Goldsmith, Steve Julius, and Chase Dorsett of Newmark.
On the Map
$23,500,000
$635,135/SF
Retail
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Players
Scottsdale 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93