Updated Jan 9, 2026
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
332,479 SF
Asset Type
Industrial
Closing
Jan 9, 2026
About this deal
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.
On the Map
$90,700,000
$90/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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93