Updated Aug 13, 2026
LBA Logistics Acquires Industrial Asset From Echo Real Estate Capital For $39 Million
9701 North 151st Ave.
$39,000,000
Units
220,239
Asset Type
Industrial
Closing
Feb 28, 2025
About this deal
AI
The asset involved in this transaction is an industrial property located at 9701 North 151st Ave., Waddell, AZ. It encompasses a total square footage of 220,239 and was sold for a price of $39,000,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $39,000,000.00
- Units: 220,239
- Buyer: LBA Logistics
- Seller: Echo Real Estate Capital
- Sale Date: 02/28/2025
- Market: Waddell, AZ
The buyer, LBA Logistics, and the seller, Echo Real Estate Capital, are the key parties in this transaction. This industrial property sale reflects strategic movements within the market, showcasing the interests of both companies in expanding their assets and operational capabilities.
Players
Glendale 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93