Updated Jun 11, 2025
EQT Exeter Acquires Sarival Logistics Center In Glendale From WPT Capital For $128.2M
6390 North Sarival Avenue
$128,200,000
$110/SF
Building Size
1,156,860 SF
Asset Type
Industrial
Closing
Jun 4, 2025
About this deal
AI
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
Litchfield Park 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
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93