Refrigeration Supplies Distributor Acquires Industrial Property In Phoenix For $7.2M
3935 West Adams Street, Phoenix, Arizona 85009, United States
$7,200,000
$176/SF
Building Size
40,792 SF
Asset Type
Industrial
Closing
Jul 7, 2022
AI
The industrial property located at 3935 W Adams St in Phoenix, AZ has been sold. The property spans across 40,792 square feet and was sold for a total price of $7,200,000. The price per square foot for this transaction was $177.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $7,200,000
The buyer of this property is Refrigeration Supplies Distributor, while the seller is BECMED LLC. The transaction was facilitated by brokers Michael Kitlica and Jason Ward from Cushman & Wakefield.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93