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California Investor Buys Show Low Small Bay Industrial Park For $2.2M
SOLD
$2,200,000
Arizona
See Similar DealsIndustrial17,200 SF
Sold 06/05/2024
SOLD
California Investor Buys Show Low Small Bay Industrial Park For $2.2M
1241 East Lumbermens Loop
See Similar DealsIndustrial17,200 SF
Sold 06/05/2024
Summary
ARIZONA
Asset Type:Industrial
Price Per Square Foot:$127
Total Square Footage:17,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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