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EQT Exeter Acquires Sarival Logistics Center In Glendale From WPT Capital For $128.2M
SOLD
$128,200,000
+ 1
Arizona
See Similar DealsIndustrial1,156,860 SF
Sold 06/04/2025
SOLD
EQT Exeter Acquires Sarival Logistics Center In Glendale From WPT Capital For $128.2M
6390 North Sarival Avenue
See Similar DealsIndustrial1,156,860 SF
Sold 06/04/2025
+ 1
Summary
ARIZONA
Asset Type:Industrial
Price Per Square Foot:$110
Total Square Footage:1,156,860 SF
Transaction Type:Sale
The industrial asset located at 6390 North Sarival Avenue in Glendale, AZ was sold for $128,200,000. The property spans 1,156,860 square feet and was leased to Logistics Plus. This transaction marks the largest single-building industrial sale in the Valley since 2023.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $128,200,000
- Address: 6390 North Sarival Avenue
- Market: Glendale, AZ
- Square Footage: 1,156,860
- Price per Square Foot: $111
The buyer of the property is EQT Exeter, while the seller is WPT Capital. The brokers involved in this transaction are Will Strong, Michael Matchett, Jack Stamets, and Molly Hunt from Cushman & Wakefield.
Players
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,837,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$455,467.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$607,733.40
Annual Debt Service$7,292,800.86
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