facebook
Traded Co logo
Submit
Daily limit: 0/10

US Capital Development Acquires Industrial Asset From EQT Exeter For $50 Million In Litchfield Park

Property Image
SOLD
$50,000,000

Arizona

See Similar Deals
Industrial652,036 SF
Sold 07/17/2024
the dealplayerscompscontact
Property Image
SOLD

US Capital Development Acquires Industrial Asset From EQT Exeter For $50 Million In Litchfield Park

15132 West Camelback Road & 15152 West Camelback Road

See Similar Deals
Industrial652,036 SF
Sold 07/17/2024
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$76
Total Square Footage:652,036 SF
Transaction Type:Sale

15132-15152 West Camelback Road is an industrial asset located in Litchfield Park, AZ. The property spans 326,018 square feet and was sold for $50 million, resulting in a price per square foot of $153.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $50,000,000
  • Address: 15132-15152 West Camelback Road
  • Market: Litchfield Park, AZ
  • Square Footage: 326,018
  • Price Per Square Foot: $153
  • Buyer: US Capital Development
  • Seller: EQT Exeter
  • Broker: Will Strong - Cushman & Wakefield

US Capital Development completed the sale of Falcon Park 303, which was purchased by EQT Exeter. This transaction was facilitated by broker Will Strong from Cushman & Wakefield.

Players

Will Strong
Cushman & Wakefield
Will Strong
54 deals$3.2B volume
BROKER

Details

SOLD
IMAGE: 07/17/2024 ADDRESS: 15132-15152 West Camelback Road MARKET: Litchfield Park, AZ ASSET TYPE: Industrial BUYER: US Capital Development SELLER: EQT Exeter BROKER: Will Strong - Cushman & Wakefield SALE PRICE: $50,000,000 SF: 326,018 ~ PPSF: $153 NOTE: US Capital Development sold Falcon Park 303, a 326,018-square-foot industrial building in Glendale, to EQT Exeter for $50 million.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,666,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,025.51
Annual Debt Service$2,844,306.11