Cushman & Wakefield Brokers Facilitate $208M Industrial Sale In Mesa, AZ
8009 East Ray Road, Mesa, Arizona 85212, United States
$208,000,000
$242/SF
Building Size
858,901 SF
Asset Type
Industrial
Closing
Jul 20, 2022
AI
The industrial property located at 8009 East Ray Road in Mesa, AZ has been sold in a closed transaction. The property spans 64 acres and has a total square footage of 858,901. The sale price for the property was $208,000,000, resulting in a price per square foot of $242.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $208,000,000
- Address: 8009 East Ray Road, Mesa, AZ
- Market: Mesa, AZ
- Landlord: Martens Development & Dune Real Estate Partner
- Brokers: Will Strong, Greer Oliver, Connor Nebeker-Hay - Cushman & Wakefield
The sale of this industrial property was facilitated by the brokers Will Strong, Greer Oliver, and Connor Nebeker-Hay from Cushman & Wakefield. They represented the seller, Martens Development & Dune Real Estate Partner, in this transaction. This successful deal highlights the expertise and knowledge of these industry professionals.
Players
Mesa 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93