Libitzky Property Companies Acquires Class A Industrial Building In Mesa For $29.42M
South Hawes Road
$29,420,000
$208/SF
Building Size
141,117 SF
Asset Type
Industrial
Closing
May 16, 2025
AI
Libitzky Property Companies acquired an industrial asset located on South Hawes Road in Mesa, AZ. The Class A industrial building spans 141,117 square feet and was sold for a total of $29,420,000, resulting in a price per square foot of approximately $208.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $29,420,000
- Sale Date: 05/16/2025
- Address: South Hawes Road, Mesa, AZ
- Square Footage: 141,117
- Price Per Square Foot: $208
- Buyer: Libitzky Property Companies
- Broker: Phil Haenel - Cushman & Wakefield
Phil Haenel represented Libitzky Property Companies in this transaction, facilitating the acquisition of the industrial property. His representation played a crucial role in the successful completion of this deal in the Mesa market.
Players
Mesa 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93