BentallGreenOak Acquires Paloma Vista Logistics Center In Buckeye For $118.25M
18900 West Mcdowell Road
$118,250,000
$112/SF
Building Size
1,050,000 SF
Asset Type
Industrial
Closing
Nov 25, 2024
AI
The property involved in this transaction is located at 18900 West Mcdowell Road in Litchfield Park, AZ. This asset is categorized as industrial and encompasses a total square footage of 1,050,000. The sale price for this property was recorded at $118,250,000, equating to a price per square foot of $113.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $118,250,000
- Square Footage: 1,050,000
- Sale Price Per Square Foot: $113
- Address: 18900 West Mcdowell Road
- Market: Litchfield Park, AZ
- Buyer: BentallGreenOak
- Brokers: Molly Hunt, Will Strong & Michael Matchett - Cushman & Wakefield
BentallGreenOak acquired the 1.05 million-square-foot Paloma Vista Logistics Center in Buckeye, AZ, from US Capital and Ares Management in this deal.
Players
Surprise Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93