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14160 W Yuma Rd Goodyear, A...

Updated Oct 25, 2024

Foundation Capital Partners And GTIS Refinance Industrial Property In Goodyear With $39M Loan From Arizona Bank And Trust
FINANCEDIndustrial

Foundation Capital Partners And GTIS Refinance Industrial Property In Goodyear With $39M Loan From Arizona Bank And Trust

14160 W Yuma Rd Goodyear, AZ 85338, USA

$39,000,000

$79/SF

Building Size

490,278 SF

Asset Type

Industrial

Closing

Jul 14, 2023

About this deal

AI

The industrial property located at 14160 West Yuma Road in Goodyear has undergone a refinancing transaction. Spanning over 490,278 square feet, this property is owned by Foundation Capital Partners represented by David Steinberg and GTIS represented by Tom Shapiro. The lender for this transaction is Arizona Bank and Trust, with William Callahan serving as the contact person. The brokers involved in this deal are Jordan (Jordy) Roeschlaub, Dustin Stolly, and Chris Kramer from Newmark.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $39,000,000
  • Lender: Arizona Bank And Trust - William Callahan
  • Landlord: Foundation Capital Partners - David Steinberg; GTIS - Tom Shapiro
  • Brokers: Jordan Roeschlaub, Dustin Stolly & Chris Kramer - Newmark
  • Loan Type: Refinance

This refinancing transaction involves key individuals and companies, such as William Callahan from Arizona Bank and Trust as the lender. Jordan Roeschlaub, Dustin Stolly, and Chris Kramer, representing Newmark, played crucial roles as brokers in facilitating this refinancing deal. Their expertise and involvement contributed to the successful completion of this transaction.

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$39,000,000

$79/SF

Industrial

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Players

Dustin Stolly

Walker & Dunlop

Broker

$51.9B

vol

277 deals

Broker
Arizona Bank And Trust
Arizona Bank And TrustLender

Goodyear Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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About $79 per square foot on a published $39M for 490,278 square feet (2023).

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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

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