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Dwight Angelini Of Longpoint Partners Acquires Industrial Property In Tolleson For $36.05M
SOLD
Arizona
See Similar DealsIndustrial222,398 SF
Sold
SOLD
Dwight Angelini Of Longpoint Partners Acquires Industrial Property In Tolleson For $36.05M
130 South 83rd Avenue
See Similar DealsIndustrial222,398 SF
Sold
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:
- 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
BROKERAGE
Details
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Deal Type
30 years
10 years
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
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