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MIG Real Estate Acquires Seventy5 Business Park In Phoenix From Baron Properties For $46.75M

Property Image
SOLD
$46,750,000
Molly Miller Hunt
Foster Bundy
Will Strong
+ 4

Arizona

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Industrial222,394 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

MIG Real Estate Acquires Seventy5 Business Park In Phoenix From Baron Properties For $46.75M

7150 West Roosevelt Street

See Similar Deals
Industrial222,394 SF
Sold
Molly Miller Hunt
Foster Bundy
Will Strong
+ 4
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$210
Total Square Footage:222394 SF
Transaction Type:Sale

The industrial asset involved in this transaction is located at 7150 West Roosevelt Street, Phoenix, AZ. The sale price is $46,750,000 and the property spans 222,394 square feet, equating to a price per square foot of $210.

Summary of transaction details:

This transaction showcases MIG Real Estate acquiring the nearly fully leased Seventy5 Business Park, facilitated by Cushman & Wakefield. The property's appealing characteristics include a strong regional demand in the Southwest Valley and high occupancy rates, contributing to its investment potential amidst increasing industrial activity in the Phoenix metro area.

Players

Phil Haenel
Cushman & Wakefield
Phil Haenel
19 deals$503.4M volume
BROKER
Will Strong
Cushman & Wakefield
Will Strong
53 deals$3.2B volume
BROKER
Molly Miller Hunt
Cushman & Wakefield
Molly Miller Hunt
28 deals$1.9B volume(602) 361-9501
BROKER
Foster Bundy
Cushman & Wakefield
Foster Bundy
10 deals$237M volume(602) 229-5919
BROKER
Jack Stamets
Cushman & Wakefield
Jack Stamets
10 deals$702.1M volume
BROKER
Michael Matchett
Cushman & Wakefield
Michael Matchett
23 deals$1.6B volume(949) 375-7378
BROKER
Madeline Warren
Cushman & Wakefield
Madeline Warren
8 deals$457.2M volume
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE
MIG Real Estate
MIG Real Estate
BUYER
Baron Properties
Baron Properties
SELLER

Details

SOLD
IMAGE: 07/15/2025 ADDRESS: 7150 West Roosevelt Street MARKET: Phoenix, AZ ASSET TYPE: Industrial BUYER: MIG Real Estate SELLER: Baron Properties BROKERS: Will Strong, Phil Haenel, Foster Bundy, Molly Hunt, Michael Matchett, Jack Stamets & Madeline Warren - Cushman & Wakefield SALE PRICE: $46,750,000 SF: 222,394 ~ PPSF: $210 NOTE: Cushman & Wakefield facilitated the $46.75 million sale of Seventy5 Business Park, a nearly fully leased industrial complex in Phoenix, acquired by MIG Real Estate. The property’s prime infill location, high occupancy, and strong regional demand in the Southwest Valley underscore its investment appeal amid rising industrial activity in the Phoenix metro.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,493,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$166,092.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$221,618.85
Annual Debt Service$2,659,426.21