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Individual Trust Purchases 10,060 Square Foot Industrial Property In Prescott For $4.4 Million

Property Image
SOLD
$4,400,000
Sevak Keshishian
Paul Berkner

Arizona

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Industrial10,060 SF
Sold 08/12/2025
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Property Image
SOLD

Individual Trust Purchases 10,060 Square Foot Industrial Property In Prescott For $4.4 Million

6400 Lear Lane

See Similar Deals
Industrial10,060 SF
Sold 08/12/2025
Sevak Keshishian
Paul Berkner
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$437
Total Square Footage:10,060 SF
Transaction Type:Sale

An individual trust has purchased a 10,060-square-foot warehouse at 6400 Lear Lane in Prescott, AZ, for a transaction amount of $4.4 million. The industrial asset encompasses 2.9 acres and was constructed in 2025. It features industrial outdoor storage and is currently leased to a national credit tenant under a 10-year absolute net lease with a corporate guarantee.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,400,000
  • Square Footage: 10,060 SF
  • Address: 6400 Lear Lane
  • Market: Prescott, AZ
  • Price Per Square Foot: $437
  • Brokers: Paul Berkner & Sevak Keshishian - Marcus & Millichap

Arizona Industrial Development was the seller in this transaction, facilitating the sale to the individual trust which aims to capitalize on the asset's long-term lease agreement with reliable tenancy.

Players

Sevak Keshishian
Marcus & Millichap
Sevak Keshishian
16 deals$77.8M volume
BROKER
Paul Berkner
Marcus & Millichap
Paul Berkner
1 deal$4.4M volume(602) 687-6675
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: 08/12/2025 ADDRESS: 6400 Lear Lane MARKET: Prescott, AZ ASSET TYPE: Industrial ~ ACRES: 2.9 BROKERS: Paul Berkner & Sevak Keshishian - Marcus & Millichap SALE PRICE: $4,400,000 SF: 10,060 ~ PPSF: $437 NOTE: An individual trust bought a 10,060-square-foot warehouse with industrial outdoor storage at 6400 Lear Lane in Prescott from Arizona Industrial Development for $4.4 million. The 2025-built property is leased to a national credit tenant on a 10-year absolute net lease with a corporate guarantee.

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Operating Expenses (Annual)
Net Operating Income (NOI)

$234,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
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