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910 West Carver Road, Tempe...

Allianz Real Estate Provides $97.8M Acquisition Financing For Industrial Properties In Tempe, Goodyear, Jessup, Atlanta & Sterling
FINANCEDIndustrial

Allianz Real Estate Provides $97.8M Acquisition Financing For Industrial Properties In Tempe, Goodyear, Jessup, Atlanta & Sterling

910 West Carver Road, Tempe, Arizona 85284, United States

$97,800,000

Building Size

Asset Type

Industrial

Closing

Aug 21, 2022

AI

The industrial properties involved in this closed transaction are located at the following addresses: 910 West Carver Road and 215 North 143rd Avenue in Tempe, AZ; 7980 Tar Bay Dr in Goodyear, AZ; 3435 Jonesboro Rd SE in Jessup, MD; and 22480 Randolph Drive in Sterling, VA. These properties are part of the industrial asset type in their respective markets.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $97,800,000
  • Loan Type: Acquisition financing

Allianz Real Estate served as the lender for this transaction. The loan amount for this acquisition financing was $97,800,000. RSE Capital Partners acted as the landlord for the properties. NorthMarq represented the parties involved as the brokers in this deal.

Players

Allianz Real Estate
Allianz Real EstateLender

Tempe Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93