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Private Investor Acquires 39,813 SF Industrial Building In Tempe For $7.3M With Daum Commercial
SOLD
$7,300,000
Arizona
See Similar DealsIndustrial39,813 SF
Sold 01/16/2025
SOLD
Private Investor Acquires 39,813 SF Industrial Building In Tempe For $7.3M With Daum Commercial
1326 West Fairmont Drive
See Similar DealsIndustrial39,813 SF
Sold 01/16/2025
Summary
ARIZONA
Asset Type:Industrial
Price Per Square Foot:$183
Total Square Footage:39,813 SF
Transaction Type:Sale
An industrial property located at 1326 West Fairmont Drive in Tempe, AZ, was sold for $7,300,000. The property encompasses 39,813 square feet and features seven dock doors and heavy power, suitable for manufacturing and distribution uses.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,300,000
- Square Footage: 39,813
- Address: 1326 West Fairmont Drive
- Market: Tempe, AZ
- Price Per Square Foot: $183
Parker Houston and Trevor McKendry of Daum Commercial Real Estate Services represented the private investor in this transaction, who acquired the property for its manufacturing and distribution capabilities.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$389,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
Annual Debt Service$415,268.69
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