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16451 West Glendale Avenue

Updated Jul 8, 2026

Exeter Acquires Industrial Asset In Litchfield Park For $113.55 Million With Will Strong As The Broker
SOLDIndustrial

Exeter Acquires Industrial Asset In Litchfield Park For $113.55 Million With Will Strong As The Broker

16451 West Glendale Avenue

$113,550,000

$125/SF

Building Size

906,607 SF

Asset Type

Industrial

Closing

Sep 14, 2025

About this deal

AI

The asset involved in this transaction is an industrial property located at 16451 West Glendale Avenue in the Litchfield Park market. The sale price for this property was $113,550,000, with a total square footage of 906,607, resulting in a price per square foot of $125.

Summary of transaction details:

The key individuals involved in this transaction include the buyer Exeter and various sellers from McKinney Investments and Westport Capital, along with representatives from AEW. The deal was brokered by Will Strong from Cushman & Wakefield, who facilitated the transaction among the involved parties.

On the Map

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$113,550,000

$125/SF

Industrial

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Players

Will Strong

Cushman & Wakefield

Broker

$3.3B

vol

60 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Jack McKinney, Sr.

McKinney Investments

Seller
Seller

Litchfield Park Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $125 per square foot on a published $113.6M for 906,607 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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