Updated Oct 28, 2024
ViaWest Group Acquires 82-Acre Industrial Property In Glendale, AZ For $12M
Glendale, Arizona, United States
$12,000,000
Building Size
—
Asset Type
Industrial
Closing
Oct 16, 2022
About this deal
AI
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.
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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93