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BentallGreenOak Acquires Goodyear Industrial Property For $109.2M

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SOLD
$109,200,000

Arizona

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Industrial730,760 SF
Sold 08/24/2022
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SOLD

BentallGreenOak Acquires Goodyear Industrial Property For $109.2M

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

See Similar Deals
Industrial730,760 SF
Sold 08/24/2022
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Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$149
Total Square Footage:730,760 SF
Transaction Type:Sale

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
54 deals$3.2B volume
BROKER

Connor Nebeker-Hay
JLL
8 deals$657.3M volume
BROKER

Greer Oliver
JLL
10 deals$771.6M volume
BROKER

BentallGreenOak
BUYER


Details

SOLD
IMAGE: Greer Oliver, Will Strong & Connor Nebeker-Hay DATE: 08/24/2022 ADDRESS: 17315 W MC 85 MARKET: Goodyear, AZ ASSET TYPE: Industrial ~ ACRES: 45 BUYER: BentallGreenOak SELLER: Clarius Partners & Walton Street Capital BROKERS: Will Strong, Greer Oliver & Connor Nebeker-Hay - Cushman & Wakefield SALE PRICE: $109,200,000 SF: 730,760 ~ PPSF: $149

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

$5,824,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$387,964.53
Cash-on-Cash Return-1.27%
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