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ATLAS Capital Partners Sells 29.4-Acre Industrial Site In Phoenix For $29.6 Million

Property Image
SOLD
$29,600,000
Foster Bundy
Will Strong
Phil Haenel

Arizona

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Industrial
Sold 04/30/2025
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Property Image
SOLD

ATLAS Capital Partners Sells 29.4-Acre Industrial Site In Phoenix For $29.6 Million

3030 South 7th Street

See Similar Deals
Industrial
Sold 04/30/2025
Foster Bundy
Will Strong
Phil Haenel
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Industrial
Transaction Type:Sale

An industrial site encompassing 29.4 acres located at 3030 South 7th Street in Phoenix, AZ, has been sold. The transaction, which occurred on April 30, 2025, involved a sale price of $29,600,000. The site is strategically situated in an Opportunity Zone near Sky Harbor and is leased through 2028.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $29,600,000
  • Address: 3030 South 7th Street, Phoenix, AZ
  • Asset Size: 29.4 acres
  • Seller: ATLAS Capital Partners
  • Market: Phoenix, AZ
  • Intended Usage: Part of the Rio Reimagined initiative and supports the Rio Salado corridor revitalization

The brokers involved in this transaction are Foster Bundy, Phil Haenel, and Will Strong from Cushman & Wakefield, facilitating the sale on behalf of ATLAS Capital Partners. This deal is notable for its contribution to the long-term planning and development of the Phoenix area.

Players

Phil Haenel
Cushman & Wakefield
Phil Haenel
20 deals$518.3M volume
BROKER
Will Strong
Cushman & Wakefield
Will Strong
54 deals$3.2B volume
BROKER
Foster Bundy
Cushman & Wakefield
Foster Bundy
11 deals$251.9M volume(602) 229-5919
BROKER

Details

SOLD
IMAGE: 04/30/2025 ADDRESS: 3030 South 7th Street MARKET: Phoenix, AZ ASSET TYPE: Industrial ~ ACRES: 29.4 SELLER: ATLAS Capital Partners BROKERS: Foster Bundy, Phil Haenel & Will Strong - Cushman & Wakefield SALE PRICE: $29,600,000 NOTE: ATLAS Capital Partners sold a 29.4-acre industrial site at 3030 S. 7th St. in Phoenix to the city for $29.6 million, with plans for it to be part of the Rio Reimagined initiative. The site, in an Opportunity Zone near Sky Harbor, is leased through 2028 and will support Phoenix’s 20-mile Rio Salado corridor revitalization.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,578,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$105,162.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$140,319.10
Annual Debt Service$1,683,829.21