Rob Sistek Of Speed Bay Warehouse Solutions Secures $100M Loan From Wells Fargo For Carlton Square
1711 West Rose Garden Lane
$100,000,000
$1,180/SF
Building Size
84,707 SF
Asset Type
Industrial
Closing
Aug 28, 2025
AI
The property asset involved in the transaction is an industrial campus located at 1711 West Rose Garden Lane, Phoenix, AZ. The campus encompasses 84,707 square feet and was acquired for $17.4 million. Speed Bay Warehouse Solutions has secured a loan amounting to $100 million from Wells Fargo for this asset.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $100,000,000
- Address: 1711 West Rose Garden Lane
- Market: Phoenix, AZ
- Landlord: Rob Sistek - Speed Bay Warehouse Solutions
- Lender: Wells Fargo
- Previous Seller: Top 10 Properties
- Previous Sale Price: $17.4 million
The deal is represented by Rob Sistek from Speed Bay Warehouse Solutions acting as the landlord. Wells Fargo serves as the lender facilitating the financing for this significant industrial property transaction.
Players
Phoenix 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93