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
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