Cohen Asset Management Acquires Industrial Property In Buckeye, AZ For $130M
2600 South Miller Road, Buckeye, Arizona 85326, United States
$130,000,000
$151/SF
Building Size
860,602 SF
Asset Type
Industrial
Closing
Jun 22, 2022
AI
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.
Players
Buckeye Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93