ViaWest Group Acquires 82-Acre Industrial Property In Glendale, AZ For $12M
SOLD
$12,000,000
Arizona
See Similar DealsIndustrial
Sold 10/17/2022
SOLD
ViaWest Group Acquires 82-Acre Industrial Property In Glendale, AZ For $12M
Glendale, Arizona, United States
See Similar DealsIndustrial
Sold 10/17/2022
Summary
ARIZONA
Asset Type:Industrial
Transaction Type:Sale
The Base Industrial Park located in Glendale, AZ has recently been sold in a closed transaction for $12,000,000. The industrial property spans across a vast area of 82 acres, making it a significant asset in the market.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $12,000,000
- Address: The Base Industrial Park, Glendale, AZ
- Market: Glendale, AZ
- Acres: 82
The buyer of this industrial property is ViaWest Group, while Airpark 30, LLC acted as the seller. Mark Krison and Luke Krison from CBRE served as the brokers representing both parties in this deal, ensuring a smooth transaction process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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