Updated Dec 10, 2025
Capitol Engineering Sells 44,335 Square Foot Industrial Facility In Phoenix For $4.6M
724 E Southern Pacific Dr
$4,600,000
$103/SF
Building Size
44,335 SF
Asset Type
Industrial
Closing
Dec 5, 2025
About this deal
AI
The property asset involved in the transaction is an industrial outdoor storage facility located at 724 East Southern Pacific Drive in Phoenix, AZ. The property encompasses 3.41 acres and has a total square footage of 44,335. The sale price for this property was $4,600,000, resulting in a price per square foot of $104.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,600,000
- Address: 724 East Southern Pacific Drive
- Market: Phoenix, AZ
- Acres: 3.41
- Square Footage: 44,335
- Price Per Square Foot: $104
- Broker: Will Groves - Cushman & Wakefield
Cushman & Wakefield facilitated the arrangement of the sale, representing the seller, Capitol Engineering, while also securing an owner/user buyer for the property involved in the transaction.
Players
Phoenix 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93