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775 West Silverlake Road

Cushman & Wakefield Brokers Sell Industrial Property In Tucson, AZ For $22.3M
SOLDIndustrial

Cushman & Wakefield Brokers Sell Industrial Property In Tucson, AZ For $22.3M

775 West Silverlake Road

$22,300,000

$455,102/SF

Building Size

49 SF

Asset Type

Industrial

Closing

Jan 18, 2023

AI

The industrial property located at 775 W Silverlake Road in Tucson, AZ has been sold in a recent transaction. The property spans 49,500 square feet and was sold for a total price of $22,300,000, resulting in a price per square foot of $451. The transaction took place on January 18, 2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $22,300,000
  • Square Footage: 49,500
  • Price per Square Foot: $451
  • Address: 775 W Silverlake Road, Tucson, AZ
  • Market: Tucson, AZ

The sale of this industrial property was facilitated by Andrew Bogardus and Douglas Longyear from Cushman & Wakefield. They acted as the brokers representing the parties involved in the transaction.

Players

Andrew Bogardus

Cushman & Wakefield

Broker

$79.7M

vol

3 deals

Broker

Tucson 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

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93