Updated Oct 28, 2026
Dean Muglia Of Discount Tire Acquires Phoenix Warehouse From Adam Nims Of Trammell Crow For $64.5M
Park Algodon, Northwest Corner Of Loop 101 And Indian School Road
$64,500,000
$206/SF
Building Size
311,800 SF
Asset Type
Industrial
Closing
Oct 27, 2026
About this deal
AI
The property asset involved in the transaction is located at Park Algodon, Northwest Corner of Loop 101 and Indian School Road in Phoenix, AZ. Discount Tire acquired this industrial warehouse for $64.5 million. The total square footage of the facility is 311,800, comprising approximately 290,000 square feet of warehouse space and 21,800 square feet of office space. The price per square foot is $207.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $64,500,000
- Buyer: Dean Muglia - Discount Tire
- Seller: Adam Nims - Trammell Crow Company
- Date of Sale: October 26, 2026
Dean Muglia represents Discount Tire in this acquisition while Adam Nims represents Trammell Crow Company as the seller. The intention behind the purchase is to convert the property into a distribution facility.
On the Map
$64,500,000
$206/SF
Industrial
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Osage 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93