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
Tucson Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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