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Phoenix, Arizona, United St...

G2 Capital Sells Industrial Warehouse Facility In Phoenix, AZ For $17.2M
SOLDIndustrial

G2 Capital Sells Industrial Warehouse Facility In Phoenix, AZ For $17.2M

Phoenix, Arizona, United States

$17,200,000

$149/SF

Building Size

115,260 SF

Asset Type

Industrial

Closing

Oct 5, 2022

AI

An industrial warehouse facility located in Phoenix, AZ has been sold for a price of $17,200,000. The property spans across 115,260 square feet, resulting in a price per square foot of $149. The transaction was facilitated by CBRE brokers John Werstler, Cooper Fratt, Tanner Ferrandi, Geoffrey Turbow, and Gary Cornish, who represented the seller, G2 Capital, led by James Greaves.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $17,200,000
  • Square Footage: 115,260
  • Price Per Square Foot: $149
  • Address: Industrial Warehouse Facility, Phoenix, AZ
  • Seller: G2 Capital - James Greaves
  • Broker: John Werstler, Cooper Fratt, Tanner Ferrandi, Geoffrey Turbow, and Gary Cornish - CBRE

This successful transaction highlights the collaborative efforts of CBRE brokers John Werstler, Cooper Fratt, Tanner Ferrandi, Geoffrey Turbow, and Gary Cornish. Their expertise and representation played a crucial role in securing the sale of the industrial warehouse facility in Phoenix, AZ.

Players

Geoffrey Turbow

CBRE

Broker

$196.2M

vol

11 deals

Broker

Phoenix 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

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93