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8009 East Ray Road, Mesa, A...

Cushman & Wakefield Brokers Facilitate $208M Industrial Sale In Mesa, AZ
SOLDIndustrial

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:

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

Will Strong

Cushman & Wakefield

Broker

$3.2B

vol

54 deals

Broker
DP
Dune Real Estate PartnerSeller

Mesa Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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