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Northwest Corner Of West Ol...

Daniel J. Moore Of Rockefeller Group Acquires 34.1-Acre Logistics Site In Glendale, AZ
SOLDIndustrial

Daniel J. Moore Of Rockefeller Group Acquires 34.1-Acre Logistics Site In Glendale, AZ

Northwest Corner Of West Olive Avenue And North Reems Road

Building Size

552,000 SF

Asset Type

Industrial

Closing

Aug 6, 2026

AI

The property involved in this transaction is a 34.1-acre logistics site located at the northwest corner of West Olive Avenue and North Reems Road in Glendale, Arizona. The site features an area of 552,000 square feet and is identified as an industrial asset.

Summary of transaction details:

This transaction was brokered by Cushman & Wakefield, which facilitated the land sale and joint venture for the site. The development of the West Olive Logistics Center will commence following the full lease-up of the project's Phase I industrial buildings.

Players

Will Strong

Cushman & Wakefield

Broker

$3.3B

vol

57 deals

Broker
Daniel J. Moore

Daniel J. Moore

Rockefeller Group

Buyer

$491M

vol

11 deals

Buyer

Mike Chernine

IndiCap

Seller

$38.8M

vol

3 deals

Seller

North 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93