Updated Mar 30, 2026
Larry Heard Of Transwestern Investment Group Acquires Industrial Asset From Henry Steinberg For $94.13M In Tolleson
9400 West Latham Street
$94,130,000
$142/SF
Building Size
662,804 SF
Asset Type
Industrial
Closing
Mar 27, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 9400 West Latham Street in Tolleson, AZ. The sale was completed for a price of $94,130,000, equating to approximately $142 per square foot. The property consists of two fully leased buildings within the I-10 Innovation Center, totaling 662,804 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $94,130,000
- Sale Price per Square Foot: $142
- Size: 662,804 SF
- Buyer: Larry Heard - Transwestern Investment Group
- Seller: Henry Steinberg - EQT Real Estate
This transaction showcases Larry Heard's role as a representative of Transwestern Investment Group in the acquisition of the property. The deal signifies the collaboration between the buyer and seller, emphasizing the involvement of Henry Steinberg representing EQT Real Estate.
On the Map
$94,130,000
$142/SF
Industrial
View full map
Players
Tolleson Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Larry Heard to view all their deals.
Browse Tolleson industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93