California Investor Buys Show Low Small Bay Industrial Park For $2.2M
1241 East Lumbermens Loop
$2,200,000
$127/SF
Building Size
17,200 SF
Asset Type
Industrial
Closing
Jun 5, 2024
AI
The Show Low Small Bay Industrial Park, located at 1241 East Lumbermens Loop in Show Low, Arizona, was sold for $2.2 million. The industrial property comprises two buildings offering a total of 17,200 square feet of small-bay industrial space on a 1.5-acre lot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,200,000
- SF: 17,200
- PPSF: $128
- Address: 1241 East Lumbermens Loop
- Market: Show Low, AZ
The sale of the Show Low Small Bay Industrial Park was facilitated by Cory Gross and Ryan Sarbinoff from Marcus & Millichap. The transaction involved a California-based private investor as the buyer, acquiring the fully leased industrial property.
Players
Show Low 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93