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Westcore Acquires Hatcher Industrial Park In Glendale For $92.7M

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FINANCED
$92,700,000
Marc Hertzberg
Kelly Royle
+ 1

Arizona

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Industrial906,125 SF
Financed 08/09/2023
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FINANCED

Westcore Acquires Hatcher Industrial Park In Glendale For $92.7M

15101 W Hatcher Rd

See Similar Deals
Industrial906,125 SF
Financed 08/09/2023
Marc Hertzberg
Kelly Royle
+ 1
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Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$102
Total Square Footage:906,125 SF
Transaction Type:Loan

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

Marc Hertzberg
2 deals$92.7M volume(602) 282-6269
BROKER

Riley Gilbert
JLL
1 deal$92.7M volume(602) 282-6271
BROKER

Kelly Royle
JLL
4 deals$156.6M volume(602) 814-1583
BROKER


Westcore
LANDLORD

Details

FINANCED
IMAGE: Marc Hertzberg, Riley Gilbert, Kelly Royle & Tony Lydon DATE: 08/09/2023 ADDRESS: 15101 W Hatcher Rd MARKET: Sun City, AZ ASSET TYPE: Industrial ~ SF: 906,125 LANDLORD: Westcore BROKERS: Kelly Royle, Marc Hertzberg, Riley Gilbert & Tony Lydon - JLL LOAN AMOUNT: $92,700,000 LOAN TYPE: Acquisition NOTE: Westcore has successfully acquired the 906,125-square-foot Hatcher Industrial Park in Glendale for $92.7 million from Ryan Cos. US, marking the completion of their one-year partnership with Ryan for the property's development and sale.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$92,700,000.00

Monthly NOI$618,000.00
Monthly Debt Service$585,927.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00