Westcore Acquires Hatcher Industrial Park In Glendale For $92.7M
15101 W Hatcher Rd
$92,700,000
$102/SF
Building Size
906,125 SF
Asset Type
Industrial
Closing
Aug 9, 2023
AI
Westcore has acquired the Hatcher Industrial Park in Glendale, Sun City, AZ for $92.7 million. The industrial property spans over 906,125 square feet and was purchased from Ryan Cos. US. This acquisition marks the successful completion of Westcore's one-year partnership with Ryan for the development and sale of the property.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $92,700,000
- Address: 15101 W Hatcher Rd, Sun City, AZ
- Market: Sun City, AZ
Westcore, the acquiring party, has finalized the acquisition of the Hatcher Industrial Park. The property was purchased from Ryan Cos. US for a total of $92.7 million. The industrial property, located at 15101 W Hatcher Rd in Sun City, AZ, spans over 906,125 square feet. This deal marks the successful completion of Westcore's partnership with Ryan, as they worked together for one year to develop and sell the property.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93