Industrial
22600 N 19th Ave. Phoenix, AZ
• Structured a brand-new 10-year Lease with Gannett.
• Owned by Gannett Co.
Purchase Price
Purchase Price: $38,000,000 ($125.42 PSF)
Purchase Date
04/08/2023
Size (Sq. ft)
302,989 SF
Business Plan
Hold for a minimum of 4 years, sell at compressed cap rate.
Additional Notes
Partnered with DRA Advisors and FCP for equity and executed with CMBS Debt arranged by DB. Deal is still under management and performing as underwritten.