Trez Capital Provides $31.46M Loan For Development Site In Mesa, AZ
$31,460,000
Building Size
—
Asset Type
Development Site
Closing
Sep 25, 2023
AI
Trez Capital has provided a loan of $31.46 million to support the construction of Hawes Commerce Park, a development site located at 7303 S Hawes Rd in Mesa, Arizona. The property is a 10-building industrial complex with a total area of 153,000 square feet.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $31,460,000
- Address: 7303 S Hawes Rd, Mesa, AZ
- Market: Mesa, AZ
- Landlord: Dale Cavan
This loan provided by Trez Capital will be used for the construction of the Hawes Commerce Park. The development site is expected to be a significant addition to the industrial property market in Mesa, Arizona. With a total area of 153,000 square feet, the 10-building complex will offer ample space for businesses in need of industrial facilities. The financing from Trez Capital will enable the completion of this project and contribute to the economic growth in the area.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93