$11,600,000
6.1% cap · 36,560 sq ft RBA · Class B
8168 W Grand Ave
Phoenix, AZ 85007
Listed 3 months ago$317/sq ft
01 / 05
For SaleMixed Use
$13,610,000
778 E Camelback Rd
Encanto · Phoenix, AZ 85007
$325/sq ft173 days on market4.3K views235 saves
Key facts
- Interior
- 41,910 sq ft
- Lot
- 2.24 acres
- Year built
- 1973
- Property type
- Mixed Use
- Price / sq ft
- $325/sq ft
- Annual taxes
- $84,380
- Days on market
- 173
Getting around
Walk Score68
Somewhat Walkable
Transit Score36
Some Transit
Bike Score58
Bikeable
About this property
Value-add mixed-use building in Encanto with below-market rents rolling inside the next cycle. The improvements include ground-floor retail, roof deck amenity and freight elevator. Debt is assumable at a below-market coupon for a qualified buyer.
Investment summary
Investment summary
Cap rate
7.30%
Net operating income ÷ price
Net operating income
$993,530
Annual, after operating expenses
Cash-on-cash
+5.0%
$203,652 annual cash flow on $4,083,000 equity
Occupancy84%
35,204 sq ft leased of 41,910 sq ft
- Tenants
- 5
- Rentable area
- 41,910 sq ft
- Price / sq ft
- $325/sq ft
- WALE
- 7.6 yrs
- Lease type
- NNN
- Building class
- Class C
- Zoning
- MX-3
- Parking
- 84 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $789,878 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Roof Deck Amenity
Interior
- Ground-Floor Retail
Systems & Efficiency
- Sprinkler System
Parking & Access
- Freight Elevator
- Structured Parking
Highlights
- Opportunity Zone
- 24/7 Card Access
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2015-10-12 | Sold | $10,112,000 |
| 2026-02-02 | Listed | $13,610,000 |
Location
Encanto, Phoenix — Maricopa County
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Approximate location · Encanto
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Estimated monthly
$79,106/mo
- Principal & interest86%$68,105
- Property tax9%$7,032
- Home insurance5%$3,970
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $10,888,000 · 30 yr · 6.40%
