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Superstition Frame & Drywall Acquires Industrial Building In Coolidge For $1M

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SOLD
$1,000,000

Arizona

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Industrial14,000 SF
Sold 06/12/2024
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SOLD

Superstition Frame & Drywall Acquires Industrial Building In Coolidge For $1M

425 South Main Street

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Industrial14,000 SF
Sold 06/12/2024
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Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$71
Total Square Footage:14,000 SF
Transaction Type:Sale

An industrial building located at 425 South Main Street in Coolidge, AZ, was recently sold in a transaction involving Superstition Frame & Drywall as the buyer and Spillman Koplin as the seller. The property was acquired for $1 million, with a total square footage of 14,000 and a price per square foot of $71.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,000,000
  • Buyer: Superstition Frame & Drywall
  • Seller: Spillman Koplin
  • Broker: Jeffrey Garza Walker - NAI Capital
  • Address: 425 South Main Street
  • Market: Coolidge, AZ

NAI Horizon played a key role in facilitating the acquisition of the industrial building at 425 S. Main St. by Superstition Frame and Drywall. The broker representing the deal was Jeffrey Garza Walker from NAI Capital, ensuring a successful transaction for the buyer and seller.

Players

Jeffrey Garza Walker
4 deals$26.2M volume(602) 509-4700
BROKER

Details

SOLD
IMAGE: 06/12/2024 ADDRESS: 425 South Main Street MARKET: Coolidge, AZ ASSET TYPE: Industrial BUYER: Superstition Frame & Drywall SELLER: Spillman Koplin BROKER: Jeffrey Garza Walker - NAI Capital SALE PRICE: $1,000,000 SF: 14,000 ~ PPSF: $71 NOTE: NAI Horizon facilitated the acquisition of a Coolidge industrial building at 425 S. Main St. by Superstition Frame and Drywall for $1 million from Spillman Koplin

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$3,552.80
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