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
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