facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Arizona

/

Industrial

/

Lease

/

15301 West Northern Avenue

Amazon Leases 1.2MSF Industrial Facility In Glendale, AZ For 10 Years
LEASEDIndustrial

Amazon Leases 1.2MSF Industrial Facility In Glendale, AZ For 10 Years

15301 West Northern Avenue

Building Size

1,200,000 SF

Asset Type

Industrial

Closing

Mar 22, 2024

AI

The leased property is a newly constructed 1.2 million-square-foot industrial facility located at 15301 West Northern Avenue in Glendale, Arizona. The property is part of The Cubes at Glendale and serves as the backdrop for Amazon's 10-year lease commitment.

Summary of transaction details:

Bill Honsaker, Kelly Royle, and John Lydon from JLL represented the landlord, CRG, in securing the 10-year lease with Amazon's Andy Jassy. On the tenant side, Mike Freret from KBC Advisors served as Andy Jassy's representative in this significant industrial property transaction.

Players

John Lydon

JLL

Broker

$66.1M

vol

3 deals

Broker

Waddell Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93