Industrial
3201 E Broadway Rd. Phoenix, AZ
• Sourced through a cold call to owner
• Purchased with in-place lease at a 7% cap
• Short-term WALT, rent was 100% below market
Purchase Price
$5,300,000 ($109.40 PSF)
Purchase Date
09/12/2021
Size (Sq. ft)
48,448 SF
Business Plan
Mark rents to market by renewal, or lease or sell to a user.
Additional Notes
• Sold to Stonelake on 12/12/2022 for a 4.38% Cap.
• Sale Price: $8,500,000 ($175.45 PSF)
• 119.85% Deal-Level IRR
• 2.17x Deal-Level EM