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2229 East Magnolia Street

Stos Partners Acquires Industrial Property At 2229-2235 East Magnolia Street In Phoenix For $5.2M
SOLDIndustrial

Stos Partners Acquires Industrial Property At 2229-2235 East Magnolia Street In Phoenix For $5.2M

2229 East Magnolia Street & 2235 E. Magnolia St Phoenix

$5,200,000

$66/SF

Building Size

78,702 SF

Asset Type

Industrial

Closing

Aug 8, 2025

AI

The transaction involved the sale of an industrial property located at 2229 East Magnolia Street & 2235 East Magnolia Street, Phoenix, AZ. The assets span 39,351 square feet and were sold for a total of $5,200,000, which translates to a price per square foot of approximately $132.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,200,000
  • Address: 2229 East Magnolia Street & 2235 East Magnolia Street
  • Market: Phoenix, AZ
  • Square Footage: 39,351
  • Price per Square Foot: $132
  • Buyer: Stos Partners
  • Broker Representatives: Parker Houston, Parker Huston & Jerry Hillary - Daum Commercial Real Estate Services

This off-market deal was executed by Stos Partners, representing their investment in the industrial asset, while Daum Commercial Real Estate Services facilitated the transaction through the efforts of their brokers, Parker Houston, Parker Huston, and Jerry Hillary.

Players

Parker Houston

Daum Commercial Real Estate Services

Broker

$12.5M

vol

2 deals

Broker
Daum Commercial Real Estate Services
Daum Commercial Real Estate ServicesBrokerage
Stos Partners
Stos Partners Buyer

Phoenix 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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93