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15101 W Hatcher Rd

Westcore Acquires Hatcher Industrial Park In Glendale For $92.7M
FINANCEDIndustrial

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

Marc Hertzberg

JLL

Broker

$92.7M

vol

2 deals

Broker
Westcore
WestcoreLandlord

Phoenix Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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