Stos Partners Acquires Industrial Property In Phoenix, AZ For $10.9M
SOLD
$10,900,000
Arizona
See Similar DealsIndustrial83,889 SF
Sold 01/13/2023
SOLD
Stos Partners Acquires Industrial Property In Phoenix, AZ For $10.9M
1002 South 54th Avenue
See Similar DealsIndustrial83,889 SF
Sold 01/13/2023
Summary
ARIZONA
Asset Type:Industrial
Price Per Square Foot:$129
Total Square Footage:83,889 SF
Transaction Type:Sale
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
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$581,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,725.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,671.56
Annual Debt Service$620,058.73
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