Updated Oct 28, 2024
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
About this deal
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