Updated Oct 28, 2024
Bio Huma Netics Acquires Industrial Property In Tempe, AZ For $10.5M
3001 South Wilson Street, Tempe, Arizona 85282, United States
$10,500,000
$261/SF
Building Size
40,182 SF
Asset Type
Industrial
Closing
Aug 25, 2022
About this deal
AI
A 3.3-acre industrial property located at 3001 S Wilson St in Tempe, AZ has been sold. The property was purchased by Bio Huma Netics from Phoenix Plastics Products for a sale price of $10,500,000. The property spans 40,182 square feet, with a price per square foot of $261.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,500,000
- Square Footage: 40,182
- Address: 3001 S Wilson St, Tempe, AZ
- Market: Tempe, AZ
The deal was facilitated by Mike Parker from CBRE, representing Bio Huma Netics as the buyer.
Players
Tempe 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93