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Cohen Asset Management Acquires Industrial Property In Litchfield Park, AZ For $81.7M

Property Image
SOLD
$81,700,000
Will Strong
Robert (Rob) Rubano
Charles Cohen

Arizona

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Industrial925,504 SF
Sold 05/25/2023
the dealplayerscompscontact
Property Image
SOLD

Cohen Asset Management Acquires Industrial Property In Litchfield Park, AZ For $81.7M

15132 West Camelback Road Litchfield Park, Arizona 85340, USA

See Similar Deals
Industrial925,504 SF
Sold 05/25/2023
Will Strong
Robert (Rob) Rubano
Charles Cohen
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$88
Total Square Footage:925,504 SF
Transaction Type:Sale

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.

Players

Robert (Rob) Rubano
Hines
Robert Rubano
34 deals$6.5B volume
BROKER
Will Strong
Cushman & Wakefield
Will Strong
54 deals$3.2B volume
BROKER
Charles Cohen
Cohen Asset Management
Charles Cohen
23 deals$1.1B volume
BUYER

Details

SOLD
IMAGE: Will Strong & Rob Rubano DATE: 05/25/2023 ADDRESS: 15132 W Camelback Rd MARKET: Litchfield Park, AZ ASSET TYPE: Industrial BUYER: Cohen Asset Management SELLER: US Capital Development BROKERS: Will Strong & Rob Rubano - Cushman & Wakefield SALE PRICE: $81,700,000 SF: 925,504 ~ PPSF: $88

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,357,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$290,262.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$387,299.68
Annual Debt Service$4,647,596.18