Nick Weber Of Henderson Park Acquires Wrigley Mansion In Phoenix For $17 Million From Hormel Family
2501 East Telawa Trail
$17,000,000
Building Size
—
Asset Type
Other
Closing
Oct 2, 2026
About this deal
AI
The property asset involved in the transaction is located at 2501 East Telawa Trail, Phoenix, AZ. The asset type is categorized as "Other" and was sold for $17,000,000. The specifics of the property’s characteristics, such as square footage, were not provided in the context.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $17,000,000
- Buyer: Nick Weber - Henderson Park
- Seller: Jamie Hormel and the Hormel family
- Market: Phoenix, AZ
The deal was facilitated through Henderson Park, which is a joint venture that includes Western & Southern Financial Group, Hamilton Lane-managed funds, South Street Partners, and Pyramid Global Hospitality. Pyramid Global will manage the mansion and also oversee the operations at the Arizona Biltmore, aligning the management of both luxury hospitality properties under common ownership.
On the Map
$17,000,000
Other
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Phoenix Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93