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7980 West Buckeye Road

SENTRE Acquires Industrial Property In Tolleson AZ From Brennan Investment Group For $48.83M
SOLDIndustrial

SENTRE Acquires Industrial Property In Tolleson AZ From Brennan Investment Group For $48.83M

7980 West Buckeye Road

$48,830,000

$151/SF

Building Size

322,070 SF

Asset Type

Industrial

Closing

Dec 9, 2024

AI

SENTRE acquired an industrial property located at 7980-7990 West Buckeye Road in Tolleson, AZ, for $48.83 million. The property features a total area of 322,070 square feet and includes 35-foot clear heights, 26 dock positions, and six ground-level doors. The asset is fully leased and occupied by WinCup.

Summary of transaction details:

The transaction involved key individuals and organizations including SENTRE, as the buyer, and Brennan Investment Group as the seller. The brokers representing the seller consisted of a team from Cushman & Wakefield, which included Foster Bundy, Phil Haenel, Will Strong, and Katie Repine.

Players

Phil Haenel

Cushman & Wakefield

Broker

$518.3M

vol

20 deals

Broker

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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93