Daum Commercial Real Estate Services Sells Industrial Property In Phoenix For $55.3M
1654 West Knudsen Drive & 2221 W. Deer Valley Rd
$55,300,000
$60/SF
Building Size
920,640 SF
Asset Type
Industrial
Closing
May 26, 2026
AI
An industrial asset located at 1654 West Knudsen Drive & 2221 West Deer Valley Road in the Phoenix, AZ market has been sold for $55,300,000. The property comprises a total square footage of 32,880, translating to a price per square foot of $1,682.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $55,300,000
- Address: 1654 West Knudsen Drive & 2221 West Deer Valley Road
- Market: Phoenix, AZ
- Square Footage: 32,880
- Price Per Square Foot: $1,682
- Brokers: Trevor McKendry & Chris Rogers - Daum Commercial Real Estate Services
Daum Commercial Real Estate Services facilitated the industrial transactions in Phoenix’s Deer Valley submarket, which included a manufacturing facility sale to a TSMC supplier and an industrial outdoor storage deal associated with a California family office investor.
Players
Snowflake 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93