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
About this deal
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.
On the Map
$25,700,000
$671/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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93