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3302 West Washington Street

IDI Logistics Acquires Industrial Property From Atlas Capital Partners In Phoenix For $20M
SOLDIndustrial

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

John Werstler

CBRE

Broker

$87.6M

vol

3 deals

Broker
CBRE
CBREBrokerage
IDI Logistics
IDI LogisticsBuyer

Phoenix Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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