The ICRE Team is excited to share the successful closing of the Uptown Phoenix Retail Center located at 5324-5338 North 7th Avenue, Phoenix, Arizona.
Transaction Highlights:
- Purchase Price: $1,375,000
- Net Operating Income (NOI): $101,452
- Cap Rate: 7.38%
- Closing Timeline: 15 Days
This transaction underscores the value of collaboration and expertise in achieving a seamless closing process. Representing the Buyer, Michael Douglas, CCIM, brought a high level of professionalism to this deal, securing this rare retail investment opportunity.
If you’re looking to buy or sell commercial real estate, our team is here to guide you every step of the way. Contact us today for more information about our services or upcoming opportunities.
