Updated Dec 5, 2025
Speed Bay Acquires Phoenix Industrial Portfolio From Top Ten Properties For $43.7 Million
1711 West Rose Garden Lane & 1741 West Rose Garden Lane
$43,700,000
$95/SF
Building Size
228,733 SF
Asset Type
Industrial
Closing
Dec 5, 2025
About this deal
AI
An industrial portfolio located at 1711 West Rose Garden Lane and 1741 West Rose Garden Lane in Phoenix, AZ, has been sold for $43.7 million. The property spans a total of 228,733 square feet, equating to a price per square foot of $191.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $43,700,000
- Buyer: Speed Bay
- Seller: Top Ten Properties
- Market: Phoenix, AZ
- Square Footage: 228,733
- Price per Square Foot: $191
The transaction was completed by Speed Bay, which is backed by Academy Partners Group, acquiring the property from Top Ten Properties.
On the Map
$43,700,000
$95/SF
Industrial
View full map
Players
Phoenix Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Phoenix industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93