Ben Udell Of EvCap Investments And Jesse Shemesh Of Point Acquisitions Buy Tuscani Pointe Retail Center In Phoenix
711 East Carefree Highway
Building Size
66,000 SF
Asset Type
Retail
Closing
Aug 26, 2026
About this deal
AI
The Tuscani Pointe retail center, located at 711 East Carefree Highway in Phoenix, AZ, encompasses a total area of 66,000 square feet. At the time of closing in late May, the property was approximately 27% vacant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 711 East Carefree Highway
- Market: Phoenix, AZ
- Buyers: Ben Udell - EvCap Investments, Jesse Shemesh - Point Acquisitions
EvCap Investments and Point Acquisitions jointly acquired the property and plan to reposition it through capital improvements, active management, and aggressive leasing strategies. They aim to address the demand driven by the nearby TSMC semiconductor campus and the growth of North Phoenix.
Players
Phoenix Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Phoenix retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93