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10857 North 95th Avenue

Glez C Properties LLC Purchases Industrial Building In Peoria For $9.5M
SOLDIndustrial

Glez C Properties LLC Purchases Industrial Building In Peoria For $9.5M

10857 North 95th Avenue

$9,500,000

$117/SF

Building Size

81,060 SF

Asset Type

Industrial

Closing

Apr 9, 2024

AI

An industrial building located at 10857 North 95th Avenue in Peoria, AZ, was recently sold in a transaction involving Glez C Properties LLC as the buyer and Chris Finn as the seller. The property spans 81,060 square feet and was acquired for $9.5 million, translating to a price per square foot of $117.

Summary of transaction details:

NAI Horizon played a crucial role in facilitating the purchase, ensuring a successful deal between the buyer and the seller. The property, situated in the Peoria market, attracted Glez C Properties LLC, who saw the potential in this industrial asset to enhance their real estate portfolio. The transaction was completed smoothly with the assistance of the respective real estate representatives, Art Verdugo, Jeffrey Garza Walker, Gary Cornish, and Geoffrey Turbow.

Players

Geoffrey Turbow

CBRE

Broker

$196.2M

vol

11 deals

Broker

Peoria 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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93