Westcore Properties Acquires Industrial Property In Phoenix, AZ From ViaWest Group For $93.5M
SOLD
$93,500,000
Arizona
See Similar DealsIndustrial
Sold 10/27/2022
SOLD
Westcore Properties Acquires Industrial Property In Phoenix, AZ From ViaWest Group For $93.5M
111 East Buckeye Road, Phoenix, Arizona 85004, United States
See Similar DealsIndustrial
Sold 10/27/2022
Summary
ARIZONA
Asset Type:Industrial
Transaction Type:Sale
The industrial property located at 111 East Buckeye Road in Phoenix, AZ has been sold for a total of $93,500,000. The transaction took place on October 27, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $93,500,000
- Address: 111 East Buckeye Road, Phoenix, AZ
- Market: Phoenix, AZ
The buyer of the property is Westcore Properties, while the seller is ViaWest Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,986,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$332,185.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$443,237.70
Annual Debt Service$5,318,852.42
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