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CapRock Partners Secures $25.65M Acquisition Loan For Longbow Industrial Park

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FINANCED
$25,650,000

Arizona

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Industrial244,286 SF
Financed 05/29/2024
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Property Image
FINANCED

CapRock Partners Secures $25.65M Acquisition Loan For Longbow Industrial Park

5710 East Mcdowell Road

See Similar Deals
Industrial244,286 SF
Financed 05/29/2024
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$105
Total Square Footage:244,286 SF
Transaction Type:Loan

The Longbow Industrial Park, a two-building industrial property located at 5710 East Mcdowell Road in Mesa, Arizona, spans 244,286 square feet. The property was recently acquired by CapRock Partners from a limited liability company led by Jim Chamberlain. Zions Bancorp provided $25.65 million in financing for the acquisition.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $25,650,000
  • Address: 5710 East Mcdowell Road
  • Market: Mesa, AZ
  • Lender: Zions Bancorp
  • Landlord: Jim Chamberlain - CapRock Partners
  • Loan Type: Acquisition

CapRock Partners acquired the Longbow Industrial Park in Mesa, Arizona, with financing provided by Zions Bancorp. The acquisition was facilitated by Jim Chamberlain, who led the limited liability company that previously owned the industrial property.

Players

ZB
Zions Bancorp
LENDER

Details

FINANCED
IMAGE: 05/29/2024 ADDRESS: 5710 East Mcdowell Road MARKET: Mesa, AZ ASSET TYPE: Industrial ~ SF: 244,286 LENDER: Zions Bancorp LANDLORD: Jim Chamberlain - CapRock Partners LOAN AMOUNT: $25,650,000 LOAN TYPE: Acquisition NOTE: Zions Bancorp extended $25.65 million in financing for the acquisition of Longbow Industrial Park, a recently opened two-building industrial property spanning 244,286 square feet in Mesa, Arizona, by CapRock Partners from a limited liability company led by Jim Chamberlain.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$25,650,000.00

Monthly NOI$171,000.00
Monthly Debt Service$162,125.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00