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Larry Heard Of Transwestern Investment Group Acquires Industrial Asset From Henry Steinberg For $94.13M In Tolleson

Property Image
SOLD
$94,130,000
LH
HS

Arizona

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Industrial662,804 SF
Sold 03/27/2026
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Property Image
SOLD

Larry Heard Of Transwestern Investment Group Acquires Industrial Asset From Henry Steinberg For $94.13M In Tolleson

9400 West Latham Street

See Similar Deals
Industrial662,804 SF
Sold 03/27/2026
LH
HS
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$142
Total Square Footage:662,804 SF
Transaction Type:Sale

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.

Players

Transwestern
Transwestern
BROKERAGE
LH
Transwestern
Larry Heard
7 deals$141.1M volume
BUYER
HS
Henry Steinberg
20 deals$2.6B volume
SELLER

Details

SOLD
IMAGE: 03/27/2026 ADDRESS: 9400 West Latham Street MARKET: Tolleson, AZ ASSET TYPE: Industrial BUYER: Larry Heard - Transwestern Investment Group SELLER: Henry Steinberg - EQT Real Estate SALE PRICE: $94,130,000 SF: 662,804 ~ PPSF: $142 NOTE: Transwestern Investment Group acquired the fully leased, two-building I-10 Innovation Center in Tolleson for $94.13 million, or $142 per square foot.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,020,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$334,424.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$446,224.22
Annual Debt Service$5,354,690.67