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South Hawes Road

Libitzky Property Companies Acquires Class A Industrial Building In Mesa For $29.42M
SOLDIndustrial

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

Phil Haenel

Cushman & Wakefield

Broker

$518.3M

vol

20 deals

Broker
LC
Libitzky Property CompaniesBuyer

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