Updated May 20, 2025
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
About this deal
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