Updated May 23, 2025
Dwight Angelini Of Longpoint Partners Acquires Industrial Property In Tolleson For $36.05M
130 South 83rd Avenue
$36,050,000
$162/SF
Building Size
222,398 SF
Asset Type
Industrial
Closing
May 22, 2025
About this deal
AI
The property involved in this transaction is a fully leased industrial asset located at 130 South 83rd Avenue, Tolleson, AZ. This property spans 222,398 square feet and was sold for a transaction amount of $36,050,000, resulting in a price per square foot of $162.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $36,050,000
- Address: 130 South 83rd Avenue
- Market: Tolleson, AZ
- Square Footage: 222,398
- Price Per Square Foot: $162
- Buyer: Dwight Angelini - Longpoint Partners
- Brokers: Jack Stamets, Madeline Warren, Michael Matchett, Molly Hunt & Will Strong - Cushman & Wakefield
Longpoint Partners acquired the property with DHL Supply Chain as the tenant, indicating a secured leasing situation. The end client for the logistics operations is Bose, highlighting the operational ties of the asset.
Players
Tolleson 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93