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Libitzky Property Companies Acquires Class A Industrial Building In Mesa For $29.42M
SOLD
$29,420,000
Arizona
See Similar DealsIndustrial141,117 SF
Sold 05/16/2025
SOLD
Libitzky Property Companies Acquires Class A Industrial Building In Mesa For $29.42M
South Hawes Road
See Similar DealsIndustrial141,117 SF
Sold 05/16/2025
Summary
ARIZONA
Asset Type:Industrial
Price Per Square Foot:$208
Total Square Footage:141,117 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,569,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$104,523.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$139,465.81
Annual Debt Service$1,673,589.71
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