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17315 W Mc 85, Goodyear, Ar...

BentallGreenOak Acquires Goodyear Industrial Property For $109.2M
SOLDIndustrial

BentallGreenOak Acquires Goodyear Industrial Property For $109.2M

17315 W Mc 85, Goodyear, Arizona 85338, United States

$109,200,000

$149/SF

Building Size

730,760 SF

Asset Type

Industrial

Closing

Aug 23, 2022

AI

BentallGreenOak has acquired an industrial property located at 17315 W MC 85 in Goodyear, AZ. The property spans across 45 acres and features a total area of 730,760 square feet. The transaction was facilitated by Cushman & Wakefield, with Will Strong, Greer Oliver, and Connor Nebeker-Hay representing both the buyer and the seller, Clarius Partners and Walton Street Capital. The sale price for this transaction amounted to $109,200,000, resulting in a price per square foot of $149.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $109,200,000
  • Address: 17315 W MC 85, Goodyear, AZ
  • Market: Goodyear, AZ
  • Acres: 45
  • Square Feet: 730,760
  • Buyer: BentallGreenOak
  • Seller: Clarius Partners & Walton Street Capital
  • Brokers: Will Strong, Greer Oliver & Connor Nebeker-Hay - Cushman & Wakefield
  • Price per Square Foot: $149

This significant transaction highlights the strong activity in the industrial market in Goodyear, AZ. The involvement of BentallGreenOak as the buyer, along with the representation of Cushman & Wakefield's team, demonstrates the confidence in the potential and attractiveness of this property.

Players

Will Strong

Cushman & Wakefield

Broker

$3.2B

vol

54 deals

Broker
BentallGreenOak
BentallGreenOakBuyer
Walton Street Capital
Walton Street CapitalSeller
Walton Street Capital
Walton Street CapitalLender

Goodyear Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93