Transdien Engineering Purchases 97,372 Square Foot Office Park In Phoenix For $19.4 Million
19825 North 7th Street
$19,400,000
$199/SF
Building Size
97,372 SF
Asset Type
Office
Closing
Apr 24, 2026
About this deal
AI
An office park located at 19825 North 7th Street in Phoenix, AZ has been sold. The property spans 17.51 acres and has a total square footage of 97,372. The sale price for this transaction was $19,400,000, translating to a price per square foot of $199.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $19,400,000
- Buyer: Transdien Engineering
- Seller: Jim Babe Earnhardt - Earnhardt Auto Centers
- Date of Sale: 04/24/2026
- Market: Phoenix, AZ
- Acres: 17.51
- Square Footage: 97,372
- Price per Square Foot: $199
Transdien Engineering acquired the property just months after it was previously sold for $14.5 million, indicating a notable increase in market value. Jim Babe Earnhardt, representing Earnhardt Auto Centers, was the seller in this transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.82%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93