JLL Sells Retail Property In Phoenix & Scottsdale, AZ For $25.7M
Scottsdale, Arizona, United States
$25,700,000
$671/SF
Building Size
38,274 SF
Asset Type
Retail
Closing
Jul 10, 2022
AI
MDC Realty Advisors recently closed a retail property transaction in Phoenix & Scottsdale, AZ. The property spans a total of 38,274 square feet, and was sold for a price of $25,700,000, resulting in a price per square foot of $671.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $25,700,000
- Market: Phoenix & Scottsdale, AZ
The deal was facilitated by the real estate brokers Patrick Dempsey and Patrick Anthon from JLL. They represented MDC Realty Advisors in the transaction.
Players
Scottsdale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93