Updated Oct 29, 2024
AZ. Guardian Storage Centers Acquires Industrial Property In Anthem For $18.2M
39998 North Gavilan Peak Parkway, Anthem, AZ 85086, USA
$18,200,000
$228/SF
Building Size
79,705 SF
Asset Type
Industrial
Closing
Mar 22, 2020
About this deal
AI
The industrial property located at 39998 North Gavilan Peak Pkwy in Anthem has been sold for a total price of $18,200,000. The asset consists of 784 units, with a price per unit of $23,214. The transaction took place on March 23, 2020.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $18,200,000
- Units: 784
- Price per Unit: $23,214
- Address: 39998 North Gavilan Peak Pkwy
- Market: Anthem
The buyer of the property was AZ. Guardian Storage Centers, while the sellers were The Bell Group and Lockhart Capital. The deal was facilitated by Brian Fulton, Mike Mele, Luke Elliott, and Devin Beasley, who are brokers representing Cushman & Wakefield.
On the Map
$18,200,000
$228/SF
Industrial
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Players
Anthem 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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93