Industrial | Warehouse
3750 S 156th Ave. Goodyear, AZ
• Total Construction Cost: $12,789,253 ($106.58 PSF)
• Signed lease with single tenant, GE at $0.87 NNN for 7 years.
• 8.83% ROC
Purchase Price
• $1,325,000 ($3.76 PLSF)
Purchase Date
01/06/2021
Size (Sq. ft)
120,000 SF (8.08 acres)
Business Plan
Merchant Build and Exit
Additional Notes
• Brasa (Institutional Fund) was the equity partner and F&M Bank was the lender
• Sale Price: $21,800,000 (5.75% Cap) [$181.67 PSF]
• 47.81% Deal-Level IRR
• 1.96x Deal-Level EM