Updated Oct 29, 2024
Cohen Asset Management Acquires Industrial Property In Litchfield Park, AZ For $81.7M
15132 West Camelback Road Litchfield Park, Arizona 85340, USA
$81,700,000
$88/SF
Building Size
925,504 SF
Asset Type
Industrial
Closing
May 25, 2023
About this deal
AI
An industrial property located at 15132 W Camelback Rd in Litchfield Park, AZ has been sold. The property spans a total area of 925,504 square feet. The transaction took place on May 25, 2023, with Cohen Asset Management acquiring the property from US Capital Development for a sale price of $81,700,000. The price per square foot for the property is $88.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $81,700,000
- Address: 15132 W Camelback Rd, Litchfield Park, AZ
- Market: Litchfield Park, AZ
- Buyer: Cohen Asset Management
- Seller: US Capital Development
- BROKERS: Will Strong & Rob Rubano - Cushman & Wakefield
- SF: 925,504
- PPSF: $88
Will Strong and Rob Rubano, representing Cushman & Wakefield, facilitated the transaction as brokers. They played an instrumental role in bringing together Cohen Asset Management and US Capital Development to complete the deal.
On the Map
$81,700,000
$88/SF
Industrial
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Players
Litchfield Park 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
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93