Updated Sep 5, 2024
CBRE Brokers, Geoffrey Turbow & Gary Cornish, Facilitate $8.5M Industrial Sale In Phoenix, AZ
3201 East Broadway Road, Phoenix, Arizona 85040, United States
$8,500,000
$177,083/SF
Building Size
48 SF
Asset Type
Industrial
Closing
Dec 28, 2022
About this deal
AI
The industrial property located at 3201 East Broadway Road in Phoenix, AZ has been sold for a total of $8,500,000. The property spans across 48,448 square feet, resulting in a price per square foot of $175. The transaction took place on December 28, 2022.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $8,500,000
- Square Footage: 48,448
- Price Per Square Foot: $175
- Date: December 28, 2022
- Market: Phoenix, AZ
- Brokers: Geoffrey Turbow & Gary Cornish - CBRE
The sale of the industrial property at 3201 East Broadway Road was facilitated by Geoffrey Turbow and Gary Cornish of CBRE. They represented the parties involved in the transaction and ensured a successful deal.
On the Map
$8,500,000
$177,083/SF
Industrial
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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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93