Refrigeration Supplies Distributor Acquires Industrial Property In Phoenix For $7.2M
SOLD
$7,200,000
Arizona
See Similar DealsIndustrial40,792 SF
Sold 07/08/2022
SOLD
Refrigeration Supplies Distributor Acquires Industrial Property In Phoenix For $7.2M
3935 West Adams Street, Phoenix, Arizona 85009, United States
See Similar DealsIndustrial40,792 SF
Sold 07/08/2022
Summary
ARIZONA
Asset Type:Industrial
Price Per Square Foot:$176
Total Square Footage:40,792 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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