Petsas Commercial Leases Industrial Space To Urban Outfitters In Gilbert, AZ
4290 East Warner Road Gilbert, Arizona 85296, USA
Building Size
130,000 SF
Asset Type
Industrial
Closing
May 3, 2023
AI
The industrial property located at 4290 East Warner Road in Gilbert, AZ has been leased. The property has a total square footage of 130,000.
Summary of transaction details
- Property Type: Industrial
- Tenant: Urban Outfitters
- Landlord: Petsas Commercial
- Brokers: Lee & Associates; Colliers
The lease transaction for the property was completed on 05/03/2023. The Industrial property, spanning 130,000 square feet, is now occupied by the tenant, Urban Outfitters. The deal was facilitated by brokers from Lee & Associates and Colliers.
Players
Gilbert Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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