Updated Dec 4, 2024
Atlas Capital Partners Acquires Arizona Republic Distribution Center In Phoenix For $38M With $24.95M Loan From Deutsche Bank
22600 North 19th Avenue
$24,950,000
$82/SF
Building Size
302,989 SF
Asset Type
Industrial
Closing
Nov 2, 2023
About this deal
AI
The Arizona Republic Distribution Center, a 302,989-square-foot industrial property located at 22600 North 19th Avenue in Phoenix, has been acquired by Atlas Capital Partners of Scottsdale, Arizona for a total of $38 million. The acquisition has been supported by a $24.95 million mortgage financing provided by Deutsche Bank.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $38 million
- Square Footage: 302,989
- Address: 22600 North 19th Avenue, Phoenix, AZ
- Market: Phoenix, AZ
Deutsche Bank, serving as the lender in this transaction, has provided a mortgage financing of $24.95 million to support the acquisition of the Arizona Republic Distribution Center. The landlord, Atlas Capital Partners of Scottsdale, Arizona, successfully acquired the property for a total of $38 million.
Players
Phoenix Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93