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3610 East Wier Avenue

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

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:

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

Broker

$3.2B

vol

54 deals

Broker

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