Newmark Brokers Sell Scottsdale Retail Property For $23.5M
SOLD
$23,500,000
Arizona
See Similar DealsRetail37 SF
SOLD
Newmark Brokers Sell Scottsdale Retail Property For $23.5M
9310 E Via de Ventura, Scottsdale, Arizona 85258, United States
See Similar DealsRetail37 SF
Summary
ARIZONA
Asset Type:Retail
Price Per Square Foot:$635,135
Total Square Footage:37 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,253,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$83,490.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,401.99
Annual Debt Service$1,336,823.87
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