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1241 East Lumbermens Loop

California Investor Buys Show Low Small Bay Industrial Park For $2.2M
SOLDIndustrial

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

Ryan Sarbinoff

Marcus & Millichap

Broker

$48.6M

vol

3 deals

Broker

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