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
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