BKM Capital Partners Acquires Industrial Property In Mesa, AZ For $38M
SOLD
$38,000,000
Arizona
See Similar DealsIndustrial153,000 SF
Sold 07/12/2022
SOLD
BKM Capital Partners Acquires Industrial Property In Mesa, AZ For $38M
2707 North Ogden, Mesa, Arizona 85215, United States
See Similar DealsIndustrial153,000 SF
Sold 07/12/2022
Summary
ARIZONA
Asset Type:Industrial
Price Per Square Foot:$248
Total Square Footage:153,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,026,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$135,005.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$180,139.39
Annual Debt Service$2,161,672.64
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