EQT Exeter Acquires Industrial Property In Buckeye, AZ For $60.1M
440 North 215th Avenue
$60,100,000
$93/SF
Building Size
641,906 SF
Asset Type
Industrial
Closing
Apr 25, 2024
AI
The sale involved a newly built 641,906-square-foot Class A industrial/logistics building located at 440 North 215th Avenue in Buckeye, Arizona. The property, known as I-10 Gateway, was sold to EQT Exeter by BET Investments for a total of $60.1 million. The price per square foot for this transaction was $94.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $60,100,000
- Market: Buckeye, AZ
- Buyer: EQT Exeter
- Seller: BET Investments
- Brokers: Dean Wiley, Kirk Kuller, Michael Matchett, Molly Hunt & Will Strong - Cushman & Wakefield
Cushman & Wakefield played a key role in facilitating the transaction, ensuring the successful sale of the property. The team of brokers involved in the deal included Dean Wiley, Kirk Kuller, Michael Matchett, Molly Hunt, and Will Strong from Cushman & Wakefield.
Players
Buckeye 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93