Updated Oct 25, 2024
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
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