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INDUS Realty Trust Acquires Three Industrial Buildings In Tolleson For $116.7 Million
SOLD
$116,700,000
+ 1
Arizona
See Similar DealsIndustrial2,184,000 SF
Sold
SOLD
INDUS Realty Trust Acquires Three Industrial Buildings In Tolleson For $116.7 Million
4 South 84th Avenue
See Similar DealsIndustrial2,184,000 SF
Sold
+ 1
Summary
ARIZONA
Asset Type:Industrial
Price Per Square Foot:$53
Total Square Footage:2184000 SF
Transaction Type:Sale
Three industrial buildings located at 4 South 84th Avenue, 5 South 84th Avenue, and 10397 West Van Buren Street in Tolleson, AZ were sold for $116.7 million. The total square footage of the properties is 728,000, with a price per square foot of $160, and they are fully leased.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $116,700,000
- Buyer: INDUS Realty Trust
- Seller: Link Logistics Real Estate
- Brokers: Will Strong, Molly Hunt, Michael Matchett & Jack Stamets - Cushman & Wakefield
INDUS Realty Trust acquired these properties from Link Logistics Real Estate, facilitated by a team of brokers from Cushman & Wakefield, which included Will Strong, Molly Hunt, Michael Matchett, and Jack Stamets.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$414,610.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$553,217.54
Annual Debt Service$6,638,610.45
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