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

Property Image
FINANCED
$99,000,000
Wyatt Strahan
Jason Carlos
Todd Sugimoto
+ 1

Arizona

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Industrial828,718 SF
Financed 09/19/2022
the dealplayerscompscontact
Property Image
FINANCED

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

See Similar Deals
Industrial828,718 SF
Financed 09/19/2022
Wyatt Strahan
Jason Carlos
Todd Sugimoto
+ 1
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$119
Total Square Footage:828,718 SF
Transaction Type:Loan

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
Jeff Sause
33 deals$1.6B volume
BROKER
Todd Sugimoto
JLL
Todd Sugimoto
8 deals$1.3B volume
BROKER
Jason Carlos
JLL
Jason Carlos
9 deals$489.4M volume
BROKER
Wyatt Strahan
Newmark
Wyatt Strahan
6 deals$427.4M volume(714) 345-5595
BROKER
Pacific Western Bank
Pacific Western Bank
LENDER
C
Contour
LANDLORD

Details

FINANCED
IMAGE: Jeff Sause, Todd Sugimoto, Wyatt Strahan & Jason Carlos DATE: 09/19/2022 ADDRESS: 202 S Sossaman Rd MARKET: Mesa, AZ ASSET TYPE: Industrial ~ SF: 828,718 LENDER: Pacific Western Bank LANDLORD: Contour BROKERS: Jeff Sause, Todd Sugimoto, Wyatt Strahan & Jason Carlos - JLL Capital Markets LOAN AMOUNT: $99,000,000 LOAN TYPE: Construction loan LOAN TERMS: Four-year loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$99,000,000.00

Monthly NOI$660,000.00
Monthly Debt Service$625,747.34
Change in Cash Flow$0.00
Refinance Proceeds$0.00