Updated Oct 28, 2024
Berkeley Partners Acquires Industrial Properties In Phoenix & Chandler, AZ For $25.5M
235 East Pima Street, Phoenix, Arizona 85004, United States
$25,500,000
$163/SF
Building Size
156,112 SF
Asset Type
Industrial
Closing
Oct 31, 2022
About this deal
AI
The industrial property located at 235 E. Pima St, 5740 W. Oakland St., and 481 N. Dean Ave in Phoenix and Chandler, AZ has been sold in a recent transaction. The property spans a total of 156,112 square feet and was purchased by Berkeley Partners for a total sale price of $25,500,000. This equates to a price per square foot of $163.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $25,500,000
- Address: 235 E. Pima St, 5740 W. Oakland St., and 481 N. Dean Ave
- Market: Phoenix and Chandler, AZ
The sale was facilitated by the real estate brokerage firm Cushman & Wakefield, with Will Strong, Greer Oliver, and Connor Nebeker-Hay representing the buyer, Berkeley Partners. The property was previously owned by Bird Dog Industrial, HPI, and Long Wharf Capital.
On the Map
$25,500,000
$163/SF
Industrial
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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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93