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
About this deal
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
Market 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93