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23869 North 19th Avenue

Andy Burke Of Westcore Acquires Industrial Campus In Phoenix For $90.7M From Richard Mack
SOLDIndustrial

Andy Burke Of Westcore Acquires Industrial Campus In Phoenix For $90.7M From Richard Mack

23869 North 19th Avenue, 23975 North 19th Avenue & 1775 West Alameda Road

$90,700,000

$90/SF

Building Size

997,437 SF

Asset Type

Industrial

Closing

Jan 9, 2026

AI

A three-building industrial campus consisting of 332,479 square feet located at 23869 North 19th Avenue, 23975 North 19th Avenue & 1775 West Alameda Road in Phoenix, AZ, was sold for $90,700,000. The buildings are set to be rebranded as Westcore Innovation Park following the acquisition.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $90,700,000
  • Square Footage: 332,479
  • Address: 23869 North 19th Avenue, 23975 North 19th Avenue & 1775 West Alameda Road
  • Market: Phoenix, AZ
  • Price Per Square Foot: $273
  • Buyer: Andy Burke - Westcore
  • Seller: Richard Mack - Mack Real Estate Group

Andy Burke represented Westcore in this transaction, while Richard Mack represented Mack Real Estate Group, facilitating the deal for the industrial campus acquisition.

Players

Westcore
WestcoreBuyer
Mack Real Estate Group
Mack Real Estate GroupSeller

Phoenix Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93