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1002 South 54th Avenue

Stos Partners Acquires Industrial Property In Phoenix, AZ For $10.9M
SOLDIndustrial

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

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.

Players

Bo Mills

KBC Advisors

Broker

$149.9M

vol

4 deals

Broker
Stos Partners
Stos Partners Brokerage
Stos Partners
Stos Partners Buyer

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