Updated Dec 6, 2024
Stos Partners Acquires Industrial Property In Phoenix, AZ For $10.9M
1002 South 54th Avenue
$10,900,000
$129/SF
Building Size
83,889 SF
Asset Type
Industrial
Closing
Jan 13, 2023
About this deal
AI
The industrial property located at 1002 S 54th Ave in Phoenix, AZ has been sold for a transaction amount of $10,900,000. The property spans across 83,889 square feet, resulting in a price per square foot of $130. The deal was closed on 01/13/2023.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $10,900,000
- Square Feet: 83,889
- Price per Square Foot: $130
- Address: 1002 S 54th Ave, Phoenix, AZ
- Market: Phoenix, AZ
The property was acquired by Stos Partners. The buying transaction was facilitated by Anna Josephson and Bo Mill of KBC Advisors, who represented the buyer in the deal.
On the Map
$10,900,000
$129/SF
Industrial
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Players
Phoenix 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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93