2/11/2009

Single-tenant Arizona commercial building sold for $4.6 million

by

Marketside

A commercial site in suburban Phoenix that is leased to Wal-Mart's Marketside program ahs been sold for $4.595 million to an out-of-state buyer.

Marcus & Millichap represented both the buyer and the unidentified seller and helped arrange a new loan through Mark One Capital to facilitate the sale.

The building sold with a 7 percent capitalization rate. The new loan was over 10 years at 5.53 percent with a 30 year amortization.

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Filed Under: Retail

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