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:
- Property Type: Industrial
- Transaction Amount: $48,830,000
- Square Footage: 322,070
- Address: 7980-7990 West Buckeye Road
- Market: Tolleson, AZ
- Buyer: SENTRE
- Seller: Brennan Investment Group
- Brokers: Foster Bundy, Phil Haenel, Will Strong & Katie Repine - Cushman & Wakefield
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
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