Santa Cruz Seaside Company Acquires Retail Property In Goodyear, AZ For $41M
South Cotton Lane and West Yuma Road, Goodyear, Arizona 85338, United States
$41,000,000
Building Size
—
Asset Type
Retail
Closing
Sep 20, 2022
AI
The retail property located at S Cotton Ln & W Yuma Rd in Goodyear, AZ has been sold for a price of $41,000,000. The property spans across 90 acres, making it a considerable investment in the area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $41,000,000
- Address: S Cotton Ln & W Yuma Rd, Goodyear, AZ
- Market: Goodyear, AZ
- Buyer: Santa Cruz Seaside Company
- Seller: TriGate Capital
The Santa Cruz Seaside Company has purchased the retail property from TriGate Capital. This deal represents a significant transaction in the Goodyear, AZ market and demonstrates the strong interest in retail assets in the area.
Players
Goodyear 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93