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Sw Southern & Mc 85 Buckeye...

Updated Oct 25, 2024

Van Tuyl Companies & Eisenberg Company Acquire 225 Acres In Buckeye, AZ Industrial Development
SOLDIndustrial

Van Tuyl Companies & Eisenberg Company Acquire 225 Acres In Buckeye, AZ Industrial Development

Sw Southern & Mc 85 Buckeye, Az 85326

$37,000,000

Building Size

Asset Type

Industrial

Closing

Aug 18, 2023

About this deal

AI

The Land Advisors Organization team, led by Greg Vogel, Bobby Wuertz, Ben Heglie, and Max Xander, facilitated the sale of two land parcels in Buckeye, Arizona. The parcels, totaling 225 acres, were sold for a combined price of $37 million. The properties are located at the intersection of SW Southern and MC 85 Bldg. 1 in the Buckeye market. The transaction involves the development of the expansive Buckeye 225 industrial park.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $37,000,000
  • Market: Buckeye, AZ
  • Acres: 225

The sale was completed by the buyers, Van Tuyl Companies and Eisenberg Company. The brokers, Ben Heglie, Bobby Wuertz, Greg Vogel, and Max Xander, from the Land Advisors Organization, represented both the buyers and sellers in this transaction. The sale marks a significant development opportunity for the Buckeye 225 industrial park, which will utilize the 225-acre land to meet the growing demand for industrial space in the Buckeye market.

Players

Greg Vogel

Broker

$37M

vol

1 deal

Broker

Greenfield Center 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

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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