IDI Logistics Acquires Industrial Property From Atlas Capital Partners In Phoenix For $20M
3302 West Washington Street
$20,000,000
$196/SF
Building Size
101,794 SF
Asset Type
Industrial
Closing
Sep 19, 2025
AI
ID Logistics has acquired a 101,794-square-foot industrial property situated on 5.2 acres at 3302 West Washington Street in Phoenix, AZ, for a total price of $20 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Address: 3302 West Washington Street
- Market: Phoenix, AZ
- Square Footage: 101,794
- Price per Square Foot: $196
- Buyer: IDI Logistics
- Seller: Atlas Capital Partners
- Brokers: Tanner Ferrandi, John Werstler & Cooper Fratt - CBRE
The transaction involved key representatives from CBRE, where Tanner Ferrandi, John Werstler, and Cooper Fratt played pivotal roles in facilitating the deal between IDI Logistics and Atlas Capital Partners.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93