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5710 East Mcdowell Road

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

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

5710 East Mcdowell Road

$25,650,000

$105/SF

Building Size

244,286 SF

Asset Type

Industrial

Closing

May 29, 2024

AI

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 BancorpLender

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

0.62%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93