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Scottsdale, Arizona, United...

JLL Sells Retail Property In Phoenix & Scottsdale, AZ For $25.7M
SOLDRetail

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

Patrick Dempsey

JLL

Broker

$166.6M

vol

6 deals

Broker
MA
MDC Realty AdvisorSeller

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