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440 North 215th Avenue

EQT Exeter Acquires Industrial Property In Buckeye, AZ For $60.1M
SOLDIndustrial

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:

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

Will Strong

Cushman & Wakefield

Broker

$3.2B

vol

54 deals

Broker

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