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
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