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Godfrey Site West Valley

Invesco LTD Acquires Godfrey Site West Valley Development Site For $11.06M From Godfrey West Investors
SOLDDevelopment Site

Invesco LTD Acquires Godfrey Site West Valley Development Site For $11.06M From Godfrey West Investors

Godfrey Site West Valley

$11,057,196

Building Size

Asset Type

Development Site

Closing

Jan 21, 2021

AI

The transaction involves a development site located at Godfrey Site West Valley in West Valley City. The property was acquired for $11,057,196.00. The address highlights its positioning within the West Valley City market, indicative of its suitability for development purposes.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $11,057,196.00
  • Buyer: Invesco LTD
  • Seller: Godfrey West Investors
  • Brokers: Josh Peck, Susan Annis from GFI Realty Services
  • Date of Transaction: 01/21/2021

The deal was facilitated by brokers Josh Peck and Susan Annis, with Susan representing GFI Realty Services in the negotiation process. The involvement of these brokers underscores the strategic partnership that aided in bringing the buyer and seller together for this transaction.

Players

Joshua Peck

GFI Realty Services

Broker

$232M

vol

13 deals

Broker
GFI Realty Services
GFI Realty ServicesBrokerage
GI
Godfrey West InvestorsSeller

West Valley City Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.43%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93