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The Meritex Co Acquires North Mountain Corporate Center Office In Phoenix For $7.2M

Property Image
SOLD
$7,200,000
Todd Noel
Brian Ackerman
Kyle Campbell
+ 1

Arizona

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Office109,332 SF
Sold 02/13/2026
the dealplayerscompscontact
Property Image
SOLD

The Meritex Co Acquires North Mountain Corporate Center Office In Phoenix For $7.2M

10400 North 25th Avenue

See Similar Deals
Office109,332 SF
Sold 02/13/2026
Todd Noel
Brian Ackerman
Kyle Campbell
+ 1
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Office
Price Per Square Foot:$65
Total Square Footage:109,332 SF
Transaction Type:Sale

The transaction involves a vacant Class B office building located at 10400 North 25th Avenue, Phoenix, AZ, occupying 7.6 acres. The sale price for this property was $7,200,000, with a total square footage of 109,332, resulting in a price per square foot of $66.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $7,200,000
  • Address: 10400 North 25th Avenue
  • Market: Phoenix, AZ
  • Asset Size: 7.6 acres
  • Total Square Footage: 109,332
  • Price Per Square Foot: $66
  • Buyer: The Meritex Co
  • Seller: Macfarlan Capital Partners
  • Brokers: Brian Ackerman, Todd Noel, Kyle Campbell & Matt Baniszewski - Newmark

The Meritex Co. has acquired the North Mountain Corporate Center with plans to redevelop the property into an institutional-quality industrial project, indicating a strategic move into industrial real estate in the Phoenix market.

Players

Brian Ackerman
Colliers
Brian Ackerman
6 deals$87.4M volume
BROKER
Todd Noel
Colliers
Todd Noel
5 deals$612.5M volume
BROKER
Kyle Campbell
Colliers
Kyle Campbell
1 deal$7.2M volume(480) 650-3326
BROKER
Matt Baniszewski
Colliers
Matt Baniszewski
1 deal$7.2M volume(480) 381-3386
BROKER
TC
The Meritex Co
BUYER

Details

SOLD
IMAGE: 02/13/2026 ADDRESS: 10400 North 25th Avenue MARKET: Phoenix, AZ ASSET TYPE: Office ~ ACRES: 7.6 BUYER: The Meritex Co SELLER: Macfarlan Capital Partners BROKERS: Brian Ackerman, Todd Noel, Kyle Campbell & Matt Baniszewski - Newmark SALE PRICE: $7,200,000 SF: 109,332 ~ PPSF: $66 NOTE: Meritex Co. has purchased the North Mountain Corporate Center, a vacant Class B office building in Phoenix, for $7.2 million, intending to redevelop it into an institutional-quality industrial project.

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
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