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Westcore Secures $73.3M Loan From CrossHarbor Capital Partners To Acquire Hatcher Industrial Park

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FINANCED
$73,300,000
Molly Miller Hunt
Micki Strain
Max Schafer
+ 5

Arizona

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Industrial90,612 SF
Financed 07/18/2023
the dealplayerscompscontact
Property Image
FINANCED

Westcore Secures $73.3M Loan From CrossHarbor Capital Partners To Acquire Hatcher Industrial Park

15151 West Hatcher Road Waddell, Arizona 85355, USA

See Similar Deals
Industrial90,612 SF
Financed 07/18/2023
Molly Miller Hunt
Micki Strain
Max Schafer
+ 5
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$808
Total Square Footage:90,612 SF
Transaction Type:Loan

Westcore has secured $73.3 million in acquisition financing from CrossHarbor Capital Partners to purchase Hatcher Industrial Park, a vacant property located in Glendale, Arizona near Phoenix. The industrial property spans 90,612 square feet and sits on 53 acres.

Summary of transaction details

The loan amount from CrossHarbor Capital Partners will enable Westcore to acquire Hatcher Industrial Park. The property, located in Glendale, Arizona, spans over 90,612 square feet and is situated on 53 acres of land. This acquisition financing will support Westcore's investment in the vacant industrial property.

Players

Brian Share
Cushman & Wakefield
Brian Share
23 deals$3.8B volume(310) 595-2231
BROKER
Robert (Rob) Rubano
Hines
Robert Rubano
34 deals$6.5B volume
BROKER
Will Strong
Cushman & Wakefield
Will Strong
54 deals$3.2B volume
BROKER
Kirk Kuller
Cushman & Wakefield
Kirk Kuller
11 deals$670M volume
BROKER
Max Schafer
Cushman & Wakefield
Max Schafer
10 deals$566.1M volume
BROKER
Molly Miller Hunt
Cushman & Wakefield
Molly Miller Hunt
28 deals$1.9B volume(602) 361-9501
BROKER
Micki Strain
Cushman & Wakefield
Micki Strain
2 deals$155.9M volume(916) 600-4653
BROKER
Becca Tse
Cushman & Wakefield
Becca Tse
3 deals$228.3M volume
BROKER
CrossHarbor Capital Partners
CrossHarbor Capital Partners
LENDER
Westcore
Westcore
LANDLORD

Details

FINANCED
IMAGE: Micki Strain, Molly Hunt, Rob Rubano, Brian Share, Max Schafer, Becca Tse, Will Strong & Kirk Kuller DATE: 07/18/2023 ADDRESS: 15151 West Hatcher Road MARKET: Waddell, AZ ASSET TYPE: Industrial ~ SF: 90,612 ~ ACRES: 53 LENDER: CrossHarbor Capital Partners LANDLORD: Westcore BROKERS: Micki Strain, Molly Hunt, Rob Rubano, Brian Share, Max Schafer, Becca Tse, Will Strong & Kirk Kuller - Cushman & Wakefield LOAN AMOUNT: $73,300,000 LOAN TYPE: Acquisition NOTE: Westcore has secured $73.3 million in acquisition financing from CrossHarbor Capital Partners to purchase Hatcher Industrial Park, a vacant property located in Glendale, Arizona near Phoenix. The 906,120-square-foot asset sits on 53 acres.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$73,300,000.00

Monthly NOI$488,666.67
Monthly Debt Service$463,305.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00