Updated Oct 16, 2026
Sierra Ridge Capital Secures $20.15 Million Loan From California Bank & Trust For Industrial Acquisition
3137 East Elwood Street
$20,150,000
$163/SF
Building Size
123,032 SF
Asset Type
Industrial
Closing
Oct 14, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 3137 East Elwood Street in Phoenix. The property has a total square footage of 123,032 and was financed through a loan. The loan amount for the acquisition was $20,150,000 provided by California Bank & Trust.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,150,000
- Address: 3137 East Elwood Street
- Market: Phoenix
- Lender: California Bank & Trust
- Borrower: Sierra Ridge Capital
- Brokers: Jeff Sause, Jarrod Howard, Danny Ryan & Jenny Barger - JLL
This transaction was facilitated by a team of brokers from JLL, which includes Jeff Sause, Jarrod Howard, Danny Ryan, and Jenny Barger. They played a crucial role in representing the interests of Sierra Ridge Capital throughout the acquisition deal.
On the Map
$20,150,000
$163/SF
Industrial
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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
0.79%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93