Updated Oct 29, 2024
FM Industries Acquires Phoenix Industrial Property For $23M
4150 South Riverpoint Parkway Phoenix, Arizona 85040, USA
$23,000,000
$173/SF
Building Size
132,318 SF
Asset Type
Industrial
Closing
Jul 26, 2023
About this deal
AI
FM Industries, a manufacturer of semiconductor industry products, has acquired a 132,318-square-foot industrial property in Phoenix for $23 million. The property, located at 4150 South Riverpoint Parkway, was purchased from Stonelake Capital Partners.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $23,000,000
- Address: 4150 South Riverpoint Parkway, Phoenix, AZ
- Market: Phoenix, AZ
- Square Footage: 132,318
- Price Per Square Foot: $174
- Buyer: FM Industries
- Seller: Stonelake Capital Partners
FM Industries, a manufacturer specialized in semiconductor industry products, has made a significant acquisition in the Phoenix market. The 132,318-square-foot industrial property, situated at 4150 South Riverpoint Parkway, was purchased for $23 million from Stonelake Capital Partners. This strategic move strengthens FM Industries' presence in the industrial sector, expanding their operations in Phoenix and enhancing their capabilities within the semiconductor industry.
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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93