Updated Oct 28, 2024
BKM Capital Partners Acquires Industrial Property In Mesa, AZ For $38M
2707 North Ogden, Mesa, Arizona 85215, United States
$38,000,000
$248/SF
Building Size
153,000 SF
Asset Type
Industrial
Closing
Jul 11, 2022
About this deal
AI
The industrial property located at 2618-2707 N. Ogden Rd & 4215-4255 E. McDowell Rd in Mesa, AZ has been sold in a recent transaction. The property spans a total square footage of 153,000 and was acquired by BKM Capital Partners, represented by Brett Turner. The seller in this deal was Randall Investment Group.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $38,000,000
- Units: 39
- Price Per Unit: $974,359
- Price Per Square Foot: $248
- Market: Mesa, AZ
Brett Turner, from BKM Capital Partners, played a key role in the acquisition as the buyer's representative. The transaction signifies confidence in the Mesa, AZ industrial market and further boosts BKM Capital Partner's presence in the area.
On the Map
$38,000,000
$248/SF
Industrial
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Mesa 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93