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12250 West Corporate Drive

Westfield Company Inc. & RGA ReCap Incorporated Sell Fairway Commerce Center In Avondale For $89.8M
SOLDIndustrial

Westfield Company Inc. & RGA ReCap Incorporated Sell Fairway Commerce Center In Avondale For $89.8M

12250 West Corporate Drive

$89,800,000

$199/SF

Building Size

450,260 SF

Asset Type

Industrial

Closing

Dec 29, 2025

AI

The property asset involved in this transaction is a distribution facility located at 12250 West Corporate Drive in Avondale, AZ. This industrial asset encompasses a total square footage of 450,260 and was sold for $89,800,000, translating to a price per square foot of $199. The property is currently under a 10-year USPS triple-net lease, indicating stable income and long-term commitment from a significant tenant.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $89,800,000
  • Address: 12250 West Corporate Drive
  • Market: Avondale, AZ
  • Square Footage: 450,260
  • Price per Square Foot: $199
  • Seller: Westfield Company Inc. & RGA ReCap Incorporated
  • Brokers: Ben Geelan, Greer Oliver, Bryce Beecher & Virginia (Gigi) Martin - JLL

This transaction involved key players from JLL, the brokerage firm facilitating the sale. The brokers who represented the sellers were Ben Geelan, Greer Oliver, Bryce Beecher, and Virginia (Gigi) Martin. They successfully closed on this notable industrial deal, which is recognized as one of the top transactions in the West Valley for the year.

Players

Ben Geelan

JLL

Broker

$558.8M

vol

10 deals

Broker

Avondale 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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93