Sunbelt Rentals Acquires Industrial Building In Chandler For $5.2M
590 East Pecos Road
$5,200,000
Building Size
—
Asset Type
Industrial
Closing
Jun 29, 2023
AI
Matthews Real Estate Investment Services has successfully facilitated the sale of a single-tenant industrial building in Chandler, AZ. The property, located at 590 East Pecos Road, was sold for $5.2 million. This industrial asset is part of the vibrant market in Chandler.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $5,200,000
- Address: 590 East Pecos Road, Chandler, AZ
- Market: Chandler, AZ
Erik Manarino and John Stroud of Matthews Real Estate Investment Services played a pivotal role in this transaction. They helped the seller in facilitating the deal and also sourced the buyer, Sunbelt Rentals.
Players
Chandler 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93