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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: Daniel J. Moore
- Buyer Company: Rockefeller Group
- Seller: Mike Chernine & Jason Kuckler
- Seller Company: IndiCap
- Brokers: Mike Chernine, Will Strong, Jack Stamets, Molly Miller Hunt, Michael Matchett & Madeline Warren
- Broker Company: Cushman & Wakefield
- Construction Start: Q4 2026
- Project: West Olive Logistics Center
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
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