BKM Capital Partners Acquires Industrial Property In Scottsdale, AZ For $19.6M
SOLD
$19,600,000
Arizona
See Similar DealsIndustrial85,362 SF
Sold 01/07/2021
SOLD
BKM Capital Partners Acquires Industrial Property In Scottsdale, AZ For $19.6M
1405 North Hayden Road, Scottsdale, Arizona 85257, United States
See Similar DealsIndustrial85,362 SF
Sold 01/07/2021
Summary
ARIZONA
Asset Type:Industrial
Price Per Square Foot:$229
Total Square Footage:85,362 SF
Transaction Type:Sale
The industrial property located at 1405 N Hayden Rd in Scottsdale, AZ has been sold. The transaction took place on January 7, 2021. The property covers an area of 85,362 square feet and was sold for a total of $19,600,000, resulting in a price per square foot of $299.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $19,600,000
- Address: 1405 N Hayden Rd, Scottsdale, AZ
- Market: Scottsdale, AZ
- Buyer: BKM Capital Partners - Brian Malliet
BKM Capital Partners, represented by Brian Malliet, was the buyer in this transaction. They acquired the industrial property for a significant amount, further expanding their portfolio in Scottsdale, AZ.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,045,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$69,634.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,914.00
Annual Debt Service$1,114,967.99
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