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425 South Main Street

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

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

Jeffrey Garza Walker

NAI Global

Broker

$26.2M

vol

4 deals

Broker

Coolidge 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93