$13,610,000
7.3% cap · 41,910 sq ft RBA · Class C
778 E Camelback Rd
Phoenix, AZ 85007
Listed 6 months ago$325/sq ft
01 / 06
For SaleMixed Use
$11,600,000
8168 W Grand Ave
Willo · Phoenix, AZ 85007
$317/sq ft77 days on market2.3K views156 saves
Key facts
- Interior
- 36,560 sq ft
- Lot
- 2.53 acres
- Year built
- 1990
- Property type
- Mixed Use
- Price / sq ft
- $317/sq ft
- Annual taxes
- $71,920
- Days on market
- 77
Getting around
Walk Score72
Very Walkable
Transit Score45
Some Transit
Bike Score61
Bikeable
About this property
Built in 1990 and capitalized properly since, this mixed-use building needs no immediate capital. Structured Parking is the differentiator in this submarket — very little competing product has it.
Investment summary
Investment summary
Cap rate
6.10%
Net operating income ÷ price
Net operating income
$707,600
Annual, after operating expenses
Cash-on-cash
+1.0%
$34,376 annual cash flow on $3,480,000 equity
Occupancy84%
30,710 sq ft leased of 36,560 sq ft
- Tenants
- 7
- Rentable area
- 36,560 sq ft
- Price / sq ft
- $317/sq ft
- WALE
- 3.7 yrs
- Lease type
- Modified Gross
- Building class
- Class B
- Zoning
- MX-3
- Parking
- 79 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $673,224 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Interior
- Ground-Floor Retail
Systems & Efficiency
- Sprinkler System
Parking & Access
- Structured Parking
- Freight Elevator
Highlights
- Corner Visibility
- Below-Market Rents
- Recent Capital Improvements
- 24/7 Card Access
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2015-03-11 | Sold | $8,913,000 |
| 2026-05-09 | Listed | $11,600,000 |
Location
Willo, Phoenix — Maricopa County
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Approximate location · Willo
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Estimated monthly
$67,424/mo
- Principal & interest86%$58,047
- Property tax9%$5,993
- Home insurance5%$3,383
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 $9,280,000 · 30 yr · 6.40%
