facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Retail

/

Sale

/

NW Corner of 35th Avenue & ...

Phoenix Commercial Advisors Facilitates $20.5M Sale Of Laveen Commons In Phoenix
SOLDRetail

Phoenix Commercial Advisors Facilitates $20.5M Sale Of Laveen Commons In Phoenix

$20,500,000

$100/SF

Building Size

204,166 SF

Asset Type

Retail

Closing

Jan 9, 2024

AI

Phoenix Commercial Advisors facilitated the $20.5 million sale of Laveen Commons, a retail property spanning 12.13 acres at the northwest corner of 35th Avenue and Baseline Road in Phoenix, Arizona. The property is located in a prime location in Phoenix and offers a significant land area of 12.13 acres. The transaction price for this property was $20.5 million, with a square footage of 102,083 and a price per square foot of $201.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $20,500,000
  • Address: NW Corner of 35th Avenue & Baseline Road, Phoenix, AZ
  • Market: Phoenix, AZ
  • Acres: 12.13

Chad Tiedeman and John Schweikert from Phoenix Commercial Advisors represented the buyers and sellers in this transaction. They played a crucial role in facilitating the sale of Laveen Commons, ensuring a successful deal for all parties involved. Their expertise and experience in the Phoenix commercial real estate market contributed to the smooth execution of this transaction.

Players

Chad Tiedeman

Phoenix Commercial Advisors

Broker

$232.6M

vol

10 deals

Broker

Market 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

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93