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Dwight Angelini Of Longpoint Partners Acquires Industrial Property In Tolleson For $36.05M

Property Image
SOLD
$36,050,000
Will Strong
Jack Stamets
+ 3

Arizona

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Industrial222,398 SF
Sold
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Property Image
SOLD

Dwight Angelini Of Longpoint Partners Acquires Industrial Property In Tolleson For $36.05M

130 South 83rd Avenue

See Similar Deals
Industrial222,398 SF
Sold
Will Strong
Jack Stamets
+ 3
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Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$162
Total Square Footage:222398 SF
Transaction Type:Sale

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:

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

Will Strong
53 deals$3.2B volume
BROKER

Molly Miller Hunt
Cushman & Wakefield
28 deals$1.9B volume(602) 361-9501
BROKER

Jack Stamets
Cushman & Wakefield
10 deals$702.1M volume
BROKER

Michael Matchett
Cushman & Wakefield
23 deals$1.6B volume(949) 375-7378
BROKER

Madeline Warren
Cushman & Wakefield
8 deals$457.2M volume
BROKER

BROKERAGE

Dwight Angelini
24 deals$999M volume
BUYER

Details

SOLD
IMAGE: 05/22/2025 ADDRESS: 130 South 83rd Avenue MARKET: Tolleson, AZ ASSET TYPE: Industrial BUYER: Dwight Angelini - Longpoint Partners BROKERS: Jack Stamets, Madeline Warren, Michael Matchett, Molly Hunt & Will Strong - Cushman & Wakefield SALE PRICE: $36,050,000 SF: 222,398 ~ PPSF: $162 NOTE: Longpoint Partners acquired a fully leased 222,398 SF industrial property in Tolleson, AZ for $36.05M, with DHL Supply Chain as tenant and Bose as the end client. Partners

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,922,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$128,078.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,895.39
Annual Debt Service$2,050,744.70