Gantry Secures $22M Refinance Loan For Industrial Asset In Phoenix, AZ
6600 West Latham Street
$22,000,000
$503/SF
Building Size
43,700 SF
Asset Type
Industrial
Closing
May 13, 2026
AI
The property asset involved in the transaction is an industrial facility located at 6600 West Latham Street, Phoenix, AZ. The asset spans 43,700 square feet and sits on 23.3 acres of land, serving the industrial market in the area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22,000,000
- Loan Type: Refinance
- Broker Representatives: Tim Storey & Chad Metzger - Gantry
- Loan Amount: $22,000,000
- Date: 05/13/2026
The deal was facilitated by Gantry, which secured the refinancing of maturing debt associated with the property. This loan pertains specifically to a 437,000-square-foot industrial showroom and warehouse at the same address in Phoenix.
Players
Market 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93