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
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