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
$21,600,000
$51/SF
Building Size
416,584 SF
Asset Type
Industrial
Closing
Oct 24, 2024
AI
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:
- Property Type: Industrial
- Transaction Amount: $21,600,000
- Square Footage: 104,146
- Price Per Square Foot: $207
- Acres: 5.8
- Buyer: BKM Capital Partners
- Brokers: Michael Matchett, Molly Hunt, Robert Buckley, Tracy Cartledge & Will Strong - Cushman & Wakefield
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
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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93