Superstition Frame & Drywall Acquires Industrial Building In Coolidge For $1M
425 South Main Street
$1,000,000
$71/SF
Building Size
14,000 SF
Asset Type
Industrial
Closing
Jun 12, 2024
AI
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
Coolidge 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93