Opus Development Co. Acquires 18-acre Industrial Property In Tempe, AZ For $9.3M
1330 West Warner Road, Tempe, Arizona 85284, United States
$9,300,000
$47/SF
Building Size
197,000 SF
Asset Type
Industrial
Closing
Jan 11, 2022
AI
Opus Development Co. acquired an industrial property located at 1330 W Warner Rd in Tempe, AZ. The property spans 18 acres and features a total square footage of 197,000. The transaction took place on January 12, 2022, with a sale price of $9,300,000, resulting in a price per square foot of $47.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,300,000
- Address: 1330 W Warner Rd, Tempe, AZ
- Market: Tempe, AZ
- Square Footage: 197,000
- Buyer: Opus Development Co.
- Broker: Brian Ackerman & Connor Clark - JLL Capital Markets
Brian Ackerman & Connor Clark from JLL Capital Markets represented Opus Development Co. in the transaction.
Tempe 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93