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BKM Capital Partners Acquires Wier Thirty6 Business Park In Phoenix For $21.6 Million

Property Image
SOLD
$21,600,000
Molly Miller Hunt
Tracy Cartledge
Robert (Bob) Buckley
+ 2

Arizona

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Industrial416,584 SF
Sold 10/24/2024
the dealplayerscompscontact
Property Image
SOLD

BKM Capital Partners Acquires Wier Thirty6 Business Park In Phoenix For $21.6 Million

3610 East Wier Avenue, 3660 East Wier Avenue, 4633 South 36th Street & 4645 South 36th Street

See Similar Deals
Industrial416,584 SF
Sold 10/24/2024
Molly Miller Hunt
Tracy Cartledge
Robert (Bob) Buckley
+ 2
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$51
Total Square Footage:416,584 SF
Transaction Type:Sale

BKM Capital Partners has acquired an industrial property located at 3610-3660 East Wier Avenue and 4633-4645 South 36th Street in the Phoenix, AZ market. The transaction involved a total sale price of $21.6 million for a facility encompassing 104,146 square feet on 5.8 acres of land.

Summary of transaction details:

The transaction highlights the involvement of several brokers from Cushman & Wakefield, who played a role in facilitating the sale of the Wier Thirty6 Business Park, marking an important deal in the Phoenix industrial real estate market.

Players

Will Strong
Cushman & Wakefield
Will Strong
54 deals$3.2B volume
BROKER
Tracy Cartledge
Cushman & Wakefield
Tracy Cartledge
5 deals$120M volume(602) 682-8242
BROKER
Robert (Bob) Buckley
Cushman & Wakefield
Robert Buckley
5 deals$120M volume(602) 682-8240
BROKER
Molly Miller Hunt
Cushman & Wakefield
Molly Miller Hunt
28 deals$1.9B volume(602) 361-9501
BROKER
Michael Matchett
Cushman & Wakefield
Michael Matchett
23 deals$1.6B volume(949) 375-7378
BROKER

Details

SOLD
IMAGE: 10/24/2024 ADDRESS: 3610-3660 East Wier Avenue & 4633-4645 South 36th Street MARKET: Phoenix, AZ ASSET TYPE: Industrial ~ ACRES: 5.8 BUYER: BKM Capital Partners BROKERS: Michael Matchett, Molly Hunt, Robert Buckley, Tracy Cartledge & Will Strong - Cushman & Wakefield SALE PRICE: $21,600,000 SF: 104,146 ~ PPSF: $207 NOTE: BKM Capital Partners has purchased the Wier Thirty6 Business Park in Phoenix for $21.6 million, a 104,146-square-foot industrial property situated on 5.8 acres.

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

$1,152,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$76,740.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$102,395.02
Annual Debt Service$1,228,740.24