Hercules Industries Acquires Industrial Property In Phoenix For $18.2M
SOLD
$18,200,000
+ 2
Arizona
See Similar DealsIndustrial140,777 SF
Sold 10/07/2021
SOLD
Hercules Industries Acquires Industrial Property In Phoenix For $18.2M
4524 N 44th Ave, Phoenix, AZ 85031, USA
See Similar DealsIndustrial140,777 SF
Sold 10/07/2021
+ 2
Summary
ARIZONA
Asset Type:Industrial
Price Per Square Foot:$129
Total Square Footage:140,777 SF
Transaction Type:Sale
Hercules Industries has acquired an industrial property located at 4524 N. 44th Ave, Phoenix, AZ for a sale price of $18,200,000. The property spans across 6.9 acres and offers 140,777 square feet of space. The price per square foot amounts to $129.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,200,000
- Address: 4524 N. 44th Ave, Phoenix, AZ
- Market: Phoenix, AZ
- Size: 6.9 acres
- Price per Acre: $2,637,681
- Square Footage: 140,777
- Price per Square Foot: $129
The buyer, Hercules Industries, was represented by Bill Douglass from Upland Group Inc. The seller, BC5 LLC, was represented by Phil Haenel, Will Strong, Andy Markham, & Mike Haenel from Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$970,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,660.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,277.29
Annual Debt Service$1,035,327.42
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