Invesco LTD Acquires Godfrey Site West Valley Development Site For $11.06M From Godfrey West Investors
SOLD
$11,057,196
Development Site
Sold 01/21/2021
SOLD
Invesco LTD Acquires Godfrey Site West Valley Development Site For $11.06M From Godfrey West Investors
Godfrey Site West Valley
See Similar DealsDevelopment Site
Sold 01/21/2021
Summary
UTAH
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$589,717.12
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,283.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,416.75
Annual Debt Service$629,001.00
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