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
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