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9400 West Latham Street

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

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

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.

Players

Transwestern
TranswesternBrokerage

Larry Heard

Transwestern

Buyer

$141.1M

vol

7 deals

Buyer

Henry Steinberg

EQT Real Estate

Seller

$2.9B

vol

21 deals

Seller

Tolleson 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

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93