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1805 West Drake Drive
FINANCED

Libitzky Property Cos Refinances Industrial Campuses In Tempe With $30M Loan

1805 West Drake Drive

Industrial
1,193,296 SF
clock iconFinanced 121 days ago
Tony Kaufmann
Joe Foley
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Summary

Loan
ARIZONA
Industrial
1,193,296 sqft

Located in Tempe, AZ, the industrial asset consists of four adjacent campuses at 1805 West Drake Drive, 7160 South Harl Avenue, 1819 West Drake Drive, and 1849 West Drake Drive, with a total size of 298,324 square feet. The properties were part of a refinancing deal involving a loan amount of $30,000,000 provided by Lincoln National Life Insurance Co.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $30,000,000
  • Market: Tempe, AZ
  • Lender: Lincoln National Life Insurance Co
  • Landlord: Moses Libitzky - Libitzky Property Cos
  • Brokers: Joe Foley & Tony Kaufmann - Gantry

Moses Libitzky of Libitzky Property Cos served as the landlord for the industrial campuses, securing two eight-year loans totaling $30 million from Lincoln National Life Insurance Co. The brokers involved in the deal were Joe Foley and Tony Kaufmann from Gantry. The financing arrangement included partial interest-only payments and prepayment flexibility, enhancing the financial structure of the transaction.

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Tony Kaufmann's profile picture
Tony Kaufmann
Gantry-image
Associate
$7.3M Sold

Details

Deal Summary
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FINANCED
IMAGE: Moses Libitzky, Joe Foley & Tony Kaufmann DATE: 03/15/2024 ADDRESS: 1805 West Drake Drive, 7160 South Harl Avenue, 1819 West Drake Drive & 1849 West Drake Drive MARKET: Tempe, AZ ASSET TYPE: Industrial ~ SF: 298,324 LENDER: Lincoln National Life Insurance Co LANDLORD: Moses Libitzky - Libitzky Property Cos BROKERS: Joe Foley & Tony Kaufmann - Gantry LOAN AMOUNT: $30,000,000 LOAN TYPE: Refinance NOTE: Libitzky Property Cos. secured two eight-year loans totaling $30 million for adjacent industrial campuses in Tempe, Ariz., totaling 298,324 square feet, from Lincoln National Life Insurance Co., with partial interest-only and prepayment flexibility.

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Address1805 West Drake Drive

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