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4703 West Brill Street

Updated Jan 16, 2026

Cheree Hanamaikai Of Baron Properties Acquires Industrial Property In Phoenix For $23M
SOLDIndustrial

Cheree Hanamaikai Of Baron Properties Acquires Industrial Property In Phoenix For $23M

4703 West Brill Street

$23,000,000

$156/SF

Building Size

146,723 SF

Asset Type

Industrial

Closing

Jan 16, 2026

About this deal

AI

Baron Properties acquired an industrial property located at 4703 West Brill Street in Phoenix, Arizona. The sale, finalized on January 16, 2026, involved a total price of $23 million, translating to approximately $156.76 per square foot. The property encompasses a total of 146,723 square feet and was previously owned by Bixby Land Co.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $23,000,000
  • Address: 4703 West Brill Street
  • Market: Phoenix, AZ
  • Seller: Bixby Land Co.
  • Buyer: Cheree Hanamaikai - Baron Properties
  • Square Footage: 146,723
  • Price Per Square Foot: $156.76

This transaction marks a significant acquisition for Baron Properties, highlighting the company's investment strategy in the industrial sector. Cheree Hanamaikai represented Baron Properties in this deal, ensuring a smooth transition of ownership between the parties involved.

On the Map

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$23,000,000

$156/SF

Industrial

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Players

Baron Properties
Baron PropertiesBuyer
Bixby Land Co.
Bixby Land Co.Seller

Phoenix Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $156 per square foot on a published $23M for 146,723 square feet (2026).

Browse Phoenix industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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