Stos Partners Acquires Phoenix Industrial Complex At 2325 W. Cypress St. For $4.4M
2325 West Cypress Street
$4,400,000
$125/SF
Building Size
35,007 SF
Asset Type
Industrial
Closing
Jun 12, 2024
AI
The Phoenix industrial complex located at 2325 W. Cypress St. has been acquired by Stos Partners for $4.4 million. The property spans 35,007 square feet and was purchased for a price per square foot of $126.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $4,400,000
- Address: 2325 West Cypress Street
- Market: Phoenix, AZ
- Acres: 1.4
- Buyer: Stos Partners
- Buyer's Rep: Sam Jones - Colliers International
- Seller's Rep: James Cohn & Stirling Pascal - Stream Realty Partners
- SF: 35,007
- PPSF: $126
Stos Partners, in collaboration with their representative Sam Jones from Colliers International, successfully closed the deal to acquire the industrial complex at 2325 W. Cypress St. Their purchase, totaling $4.4 million, signals their intention to promptly implement a capital improvement plan for this property.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93