Updated Nov 17, 2023
Bruce Massman Acquires 196,761 SF Industrial Property In Chandler, AZ For $51.5M
7300 West Detroit Street, Chandler, Arizona 85226, United States
$51,500,000
$262,755/SF
Building Size
196 SF
Asset Type
Industrial
Closing
Jan 13, 2023
About this deal
AI
The industrial property located at 7300 West Detroit St in Chandler, AZ has been sold. This property spans 11.06 acres and has a total square footage of 196,761. The sale took place on January 13, 2023, with a sale price of $51,500,000 and a price per square foot of $262.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $51,500,000
- Address: 7300 West Detroit St, Chandler, AZ
- Market: Chandler, AZ
- Acres: 11.06
- Square Footage: 196,761
- Price per Square Foot: $262
The buyer of the property was Bruce Massman.
Players
Chandler 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93