ADDRESS: 26 E Baseline Rd, Phoenix, AZ 85042
YEAR BUILT: 1988
Closed in 2014. South Mountain. 44,000 square feet shopping center located in Phoenix Arizona. Built in 1988, property features anchor tenants Dollar Tree, and Fresenius Dialysis. Purchase price was $4,850,00. Investor’s down payment was 32%. Expected ROI = 10% with upside in leasing vacancies. Proforma ROI = 12.5%
We are here to help achieve your investment goals. Whether it’s to find out the value of your property, or need professional representation feel free to contact Simon Asef at (818)761-4252 ext. 102
Purchase Price: $4,850,000
Down payment: $1,600,000
Loan amount: $3,250,000
Loan Terms: 4.85%
30 years amortization
Net Operating Income: $400,000
Debt Service: $224,000
Return on Investment (ROI) = 9.9%
Proforma ROI = 12.5%