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202 S Sossaman Rd Mesa, AZ ...

Pacific Western Bank Provides $99M Construction Loan For Industrial Property At 202 S Sossaman Rd In Mesa, AZ
FINANCEDIndustrial

Pacific Western Bank Provides $99M Construction Loan For Industrial Property At 202 S Sossaman Rd In Mesa, AZ

202 S Sossaman Rd Mesa, AZ 85208, USA

$99,000,000

$119/SF

Building Size

828,718 SF

Asset Type

Industrial

Closing

Sep 18, 2022

AI

The industrial property located at 202 S Sossaman Rd in Mesa, AZ has been involved in a closed transaction. The property spans an impressive 828,718 square feet and is owned by Contour.

Summary of transaction details

The deal was facilitated by the broker team from JLL Capital Markets consisting of Jeff Sause, Todd Sugimoto, Wyatt Strahan, and Jason Carlos. They successfully secured a construction loan of $99,000,000 from Pacific Western Bank for the industrial property located at 202 S Sossaman Rd in Mesa, AZ.

Players

Jeff Sause

JLL

Broker

$1.6B

vol

33 deals

Broker
Pacific Western Bank
Pacific Western BankLender

Mesa 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