Amazon Leases 1.06M-SF Industrial Facility In Phoenix From CapRock Partners For Local Operations
202 Village Loop Drive
Building Size
1,063,188 SF
Asset Type
Industrial
Closing
Jan 27, 2026
AI
Amazon has signed a lease for a 1,063,188 square foot industrial building located at West 202 Logistics in Phoenix, Arizona. The facility is designed to enhance Amazon's local operations and facilitate faster delivery through its existing network of mega-warehouses in the metro area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease Date: 01/27/2026
- Landlord: CapRock Partners
- Tenant: Andy Jassy - Amazon
This transaction highlights the role of CapRock Partners as the landlord, securing a significant lease agreement with Amazon, represented by Andy Jassy in the deal. The commitment to open a local operations facility underscores Amazon's strategy in expanding its logistics capacity within the Phoenix market.
Players
Grand Canyon Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93