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Arizona Bank & Trust Provides $39M Loan For Yuma Industrial Property
FINANCED
$39,000,000
Arizona
See Similar DealsIndustrial490,278 SF
Financed 08/10/2023
FINANCED
Arizona Bank & Trust Provides $39M Loan For Yuma Industrial Property
14160 West Yuma Road Goodyear, Arizona 85338, USA
See Similar DealsIndustrial490,278 SF
Financed 08/10/2023
Summary
ARIZONA
Asset Type:Industrial
Price Per Square Foot:$79
Total Square Footage:490,278 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$39,000,000.00
Monthly NOI$260,000.00
Monthly Debt Service$246,506.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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