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BentallGreenOak Acquires Paloma Vista Logistics Center In Buckeye For $118.25M

Property Image
SOLD
$118,250,000
Molly Miller Hunt
Will Strong
Michael Matchett

Arizona

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Industrial1,050,000 SF
Sold
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Property Image
SOLD

BentallGreenOak Acquires Paloma Vista Logistics Center In Buckeye For $118.25M

18900 West Mcdowell Road

See Similar Deals
Industrial1,050,000 SF
Sold
Molly Miller Hunt
Will Strong
Michael Matchett
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$112
Total Square Footage:1050000 SF
Transaction Type:Sale

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:

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

Will Strong
Cushman & Wakefield
Will Strong
53 deals$3.2B volume
BROKER
Molly Miller Hunt
Cushman & Wakefield
Molly Miller Hunt
28 deals$1.9B volume(602) 361-9501
BROKER
Michael Matchett
Cushman & Wakefield
Michael Matchett
23 deals$1.6B volume(949) 375-7378
BROKER

Details

SOLD
IMAGE: 11/25/2024 ADDRESS: 18900 West Mcdowell Road MARKET: Litchfield Park, AZ ASSET TYPE: Industrial BUYER: BentallGreenOak BROKERS: Molly Hunt, Will Strong & Michael Matchett - Cushman & Wakefield SALE PRICE: $118,250,000 SF: 1,050,000 ~ PPSF: $113 NOTE: BentallGreenOak acquired the 1.05M-square-foot Paloma Vista Logistics Center in Buckeye, AZ, for $118.25M from US Capital and Ares Management.

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

$6,306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$420,117.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$560,565.33
Annual Debt Service$6,726,783.94