Updated Dec 4, 2024
MLS Realty LLC Sells Industrial Property At 7885 North Glen Harbor Boulevard For $15.6M
7885 North Glen Harbor Boulevard
$15,600,000
$198/SF
Building Size
78,682 SF
Asset Type
Industrial
Closing
Oct 10, 2024
About this deal
AI
An industrial property located at 7885 North Glen Harbor Boulevard in Glendale, AZ has been sold. The property consists of 78,682 square feet and was sold for $15,600,000, equating to a price per square foot of $198. The transaction reflects a cap rate of 6.17%.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,600,000
- Square Footage: 78,682
- Price Per Square Foot: $198
- Address: 7885 North Glen Harbor Boulevard
- Market: Glendale, AZ
- Seller: MLS Realty LLC
- Broker: Brian Uretzky - Keyser
Keyser Commercial Real Estate represented MLS Realty LLC in the sale of the industrial property, providing brokerage services throughout the transaction process.
On the Map
$15,600,000
$198/SF
Industrial
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Players
Glendale 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93