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Unbound Development Acquires 100000 Square Foot Industrial Building In Chandler For $14.05M

Property Image
SOLD
$14,050,000
Michael Kitlica
Joshua Wyss
Steven Mardian

Arizona

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Industrial100,000 SF
Sold 04/07/2025
the dealplayerscompscontact
Property Image
SOLD

Unbound Development Acquires 100000 Square Foot Industrial Building In Chandler For $14.05M

165 South Price Road

See Similar Deals
Industrial100,000 SF
Sold 04/07/2025
Michael Kitlica
Joshua Wyss
Steven Mardian
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$140
Total Square Footage:100,000 SF
Transaction Type:Sale

The transaction involved a vacant 100,000-square-foot industrial building located at 165 South Price Road in Chandler, Arizona. The property sits on 16.7 acres and was sold for $14.05 million, resulting in a price per square foot of $141.

Summary of transaction details:

The deal showcased the involvement of Unbound Development as the buyer, acquiring the asset from Rogers Corporation. The brokerage team from Cushman & Wakefield, which includes Joshua Wyss, Michael Kitlica, and Steven Mardian, facilitated the transaction.

Players

Michael Kitlica
Cushman & Wakefield
Michael Kitlica
5 deals$55.3M volume
BROKER
Joshua Wyss
Cushman & Wakefield
Joshua Wyss
1 deal$14.1M volume(602) 224-4407
BROKER
Steven Mardian
Cushman & Wakefield
Steven Mardian
1 deal$14.1M volume(602) 228-9228
BROKER

Details

SOLD
IMAGE: 04/07/2025 ADDRESS: 165 South Price Road MARKET: Chandler, AZ ASSET TYPE: Industrial ~ ACRES: 16.7 BUYER: Unbound Development SELLER: Rogers Corporation BROKERS: Joshua Wyss, Michael Kitlica & Steven Mardian - Cushman & Wakefield SALE PRICE: $14,050,000 SF: 100,000 ~ PPSF: $141 NOTE: Unbound Development purchased the vacant 100,000-square-foot industrial building at 165 South Price Road in Chandler, Arizona, for $14.05 million from Rogers Corporation.

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

$749,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,916.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,604.17
Annual Debt Service$799,250.02