Updated Oct 28, 2024
Hercules Industries Acquires Industrial Property In Phoenix For $18.2M
4524 N 44th Ave, Phoenix, AZ 85031, USA
$18,200,000
$129/SF
Building Size
140,777 SF
Asset Type
Industrial
Closing
Oct 7, 2021
About this deal
AI
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.
On the Map
$18,200,000
$129/SF
Industrial
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Players
Phoenix 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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93