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260 S Hibbert St

SM Capital, Inc. And Mountain America Federal Credit Union Provide $6,980,000 Loan For Industrial Property In Mesa
FINANCEDIndustrial

SM Capital, Inc. And Mountain America Federal Credit Union Provide $6,980,000 Loan For Industrial Property In Mesa

260 S Hibbert St

$6,980,000

$97/SF

Building Size

71,272 SF

Asset Type

Industrial

Closing

Jun 15, 2023

AI

The property asset involved in the transaction is an industrial space located at 260 S Hibbert St, Mesa. It encompasses a total square footage of 71,272 and is associated with a loan amount of $6,980,000. The loan type is classified as a purchase, serving as a financial instrument for the acquisition of the asset.

Summary of transaction details:

Key individuals involved in the deal include the lenders SM Capital, Inc. and Mountain America Federal Credit Union, which facilitated the financing for the transaction. The landlord representing the property is DWG Capital Group, LLC, indicating their role in overseeing the asset's management and potential leasing arrangements.

Players

John Barker Dunning

Buyer
Buyer

Max Ozkural

SM Capital, Inc.

Lender

$54.1M

vol

3 deals

Lender
MU
Mountain America Federal Credit Union (MAFCU)Lender
DL
DWG Capital Group, LLCLandlord

Mesa Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93