QTS Datacenters Acquires Land On W Camelback Rd In Phoenix For $255.3M
303 West Camelback Road, Phoenix, Arizona 85017, United States
$255,300,000
Building Size
—
Asset Type
—
Closing
Jul 17, 2022
About this deal
AI
The property involved in this closed transaction is a land located at 303 W Camelback Rd in Phoenix, AZ. The transaction took place on 07/18/2022. The buyer of the land was QTS Datacenters, while the seller was First Industrial Realty. The sale price for this land was $255,300,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $255,300,000
- Date: 07/18/2022
- Address: 303 W Camelback Rd, Phoenix, AZ
- Market: Phoenix, AZ
- Buyer: QTS Datacenters
- Seller: First Industrial Realty
In this transaction, QTS Datacenters acquired the land located at 303 W Camelback Rd from First Industrial Realty. The sale price for this land was $255,300,000.
Players
Phoenix CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93