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ViaWest Group Acquires Industrial Park From Stos Partners In Phoenix For $16.5M

Property Image
SOLD
$16,500,000
Foster Bundy
Anna Josephson
Will Strong
+ 2

Arizona

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Industrial100,000 SF
Sold 05/09/2024
the dealplayerscompscontact
Property Image
SOLD

ViaWest Group Acquires Industrial Park From Stos Partners In Phoenix For $16.5M

1002 South 54th Avenue

See Similar Deals
Industrial100,000 SF
Sold 05/09/2024
Foster Bundy
Anna Josephson
Will Strong
+ 2
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$165
Total Square Footage:100,000 SF
Transaction Type:Sale

The industrial park located at 1002 South 54th Avenue in Phoenix, AZ, spanning 100,000 square feet, was sold for $16.5 million. The property was fully leased to Copper State Bolt & Nut Co., making it a valuable asset in the market.

Summary of transaction details:

The deal was facilitated by a team of brokers including Anna Josephson from KBC Advisors and Foster Bundy, Katie Repine, Phil Haenel, and Will Strong from Cushman & Wakefield, representing the buyer and seller in this significant transaction.

Players

Phil Haenel
Cushman & Wakefield
Phil Haenel
20 deals$518.3M volume
BROKER
Will Strong
Cushman & Wakefield
Will Strong
54 deals$3.2B volume
BROKER
Anna Josephson
KBC Advisors
Anna Josephson
3 deals$27.4M volume
BROKER
Foster Bundy
Cushman & Wakefield
Foster Bundy
11 deals$251.9M volume(602) 229-5919
BROKER
Katie Repine
Cushman & Wakefield
Katie Repine
4 deals$93M volume(602) 468-8563
BROKER

Details

SOLD
IMAGE: 05/09/2024 ADDRESS: 1002 South 54th Avenue MARKET: Phoenix, AZ ASSET TYPE: Industrial BUYER: ViaWest Group SELLER: Stos Partners BROKERS: Anna Josephson - KBC Advisors, Foster Bundy, Katie Repine, Phil Haenel & Will Strong - Cushman & Wakefield SALE PRICE: $16,500,000 SF: 100,000 ~ PPSF: $165 NOTE: ViaWest Group has acquired a nearly 100,000-square-foot industrial park at 1002 S. 54th Ave. from Stos Partners for $16.5 million, with the property fully leased to Copper State Bolt & Nut Co.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$880,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01