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39998 North Gavilan Peak Pa...

AZ. Guardian Storage Centers Acquires Industrial Property In Anthem For $18.2M
SOLDIndustrial

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

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.

Players

Michael Mele

Cushman & Wakefield

Broker

$234.2M

vol

17 deals

Broker
GC
Guardian Storage CentersBuyer

Anthem Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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