Updated Oct 29, 2024
Arizona Bank & Trust Provides $39M Loan For Yuma Industrial Property
14160 West Yuma Road Goodyear, Arizona 85338, USA
$39,000,000
$79/SF
Building Size
490,278 SF
Asset Type
Industrial
Closing
Aug 10, 2023
About this deal
AI
Arizona Bank and Trust has provided $39 million in financing for Yuma 143, an industrial property located at 14160 & 14170 West Yuma Road in Yuma, Arizona. The property spans a total of 490,278 square feet and is classified as an industrial asset. The transaction took place on August 10, 2023, in the Yuma market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $39,000,000
- Address: 14160 & 14170 West Yuma Road
- Market: Yuma, AZ
- Size: 490,278 square feet
Baker Development Corp, Foundation Capital Partners, and GTIS Partners are the landlords of the property. Their involvement in the deal highlights their role as the owners of the industrial property. The loan provided by Arizona Bank and Trust serves as a significant financial partnership in the transaction.
On the Map
$39,000,000
$79/SF
Industrial
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Players
Goodyear Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93