facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$23,000,000

Arizona

See Similar Deals
Industrial146,723 SF
Sold 01/16/2026
the dealdetailscomps
Property Image
SOLD

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

4703 West Brill Street

See Similar Deals
Industrial146,723 SF
Sold 01/16/2026
the dealdetailscomps

Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$156
Total Square Footage:146,723 SF
Transaction Type:Sale

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.

Players

Baron Properties
Baron Properties
BUYER
Bixby Land Co.
Bixby Land Co.
SELLER

Details

SOLD
IMAGE: 01/16/2026 ADDRESS: 4703 West Brill Street MARKET: Phoenix, AZ ASSET TYPE: Industrial BUYER: Cheree Hanamaikai - Baron Properties SELLER: Bixby Land Co. SALE PRICE: $23,000,000 SF: 146,723 ~ PPSF: $157 NOTE: Baron Properties acquired the 146,723 SF industrial property at 4703 West Brill St. in Phoenix for $23 million, or $156.76/SF, from Bixby Land Co.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,226,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$81,714.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,031.73
Annual Debt Service$1,308,380.81