Updated Nov 17, 2023
Cushman & Wakefield Brokers $81.7M Sale Of Industrial Property On 152nd Ave, Glendale, AZ
152nd Avenue Glendale, Arizona 85307, Usa
$81,700,000
$136/SF
Building Size
599,486 SF
Asset Type
Industrial
Closing
May 23, 2023
About this deal
AI
The industrial property located at 152nd Ave in Glendale, AZ has been sold in a recent transaction. The property spans a total area of 599,486 square feet and was sold for a price of $81,700,000, resulting in a price per square foot of $136.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $81,700,000
- Address: 152nd Ave, Glendale, AZ
- Market: Glendale, AZ
- Square Footage: 599,486
- Price Per Square Foot: $136
The sale of this industrial property was facilitated by Cushman & Wakefield, a respected brokerage firm. They played a crucial role in representing the parties involved in the transaction.
Players
Glendale 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