Cohen Asset Management Acquires Industrial Property In Buckeye, AZ For $130M
SOLD
$130,000,000
Arizona
See Similar DealsIndustrial860,602 SF
Sold 06/23/2022
SOLD
Cohen Asset Management Acquires Industrial Property In Buckeye, AZ For $130M
2600 South Miller Road, Buckeye, Arizona 85326, United States
See Similar DealsIndustrial860,602 SF
Sold 06/23/2022
Summary
ARIZONA
Asset Type:Industrial
Price Per Square Foot:$151
Total Square Footage:860,602 SF
Transaction Type:Sale
The industrial property located at 2600 N Miller Rd in Buckeye, AZ has been sold in a transaction. The property spans 860,602 square feet and was sold for a total price of $130,000,000. The price per square foot for this transaction was $151.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $130,000,000
- Address: 2600 N Miller Rd
- Market: Buckeye, AZ
- Square Footage: 860,602
The buyer of the property was Cohen Asset Management, while the seller was Creation. The deal was facilitated by broker Will Strong from Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$461,862.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$616,266.32
Annual Debt Service$7,395,195.87
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