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2250 South Litchfield Road
SOLD

Charly Zwemstra Of Stonelake Capital Buys Industrial Properties In Goodyear For $108M

2250 South Litchfield Road

Industrial
1,453,604 SF
clock iconSold 33 days ago
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Summary

Sale
ARIZONA
Industrial
1,453,604 sqft

Two large industrial properties in Goodyear, AZ, located at 2250 South Litchfield Road and 1685 South Litchfield Road, were sold in a significant transaction. The properties have a total square footage of 726,802 and were acquired by Stonelake Capital Partners for $108 million from CIM Group.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $108,000,000
  • Buyer: Charly Zwemstra - Stonelake Capital Partners
  • Seller: CIM Group
  • Market: Goodyear, AZ
  • Price per Square Foot: $149

Stonelake Capital Partners, a Texas-based company, made an all-cash purchase of the industrial properties, increasing the sale price by $16 million from CIM Group's previous acquisition in 2021.

Details

Deal Summary
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SOLD
IMAGE: 06/10/2024 ADDRESS: 2250 South Litchfield Road & 1685 South Litchfield Road MARKET: Goodyear, AZ ASSET TYPE: Industrial BUYER: Charly Zwemstra - Stonelake Capital Partners SELLER: CIM Group SALE PRICE: $108,000,000 SF: 726,802 ~ PPSF: $149 NOTE: Two large industrial properties in Goodyear changed hands for over $100 million in one of the year's significant industrial sales. Stonelake Capital Partners, based in Texas, acquired the properties totaling 726,802 square feet in an all-cash deal for $108 million from CIM Group, marking a $16 million increase from CIM's previous purchase in 2021.

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Address2250 South Litchfield Road

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