Updated Oct 29, 2024
Arizona Bank & Trust Provides $39M Refinance Loan For Industrial Property In Goodyear
143rd Avenue Goodyear, Arizona 85338, USA
$39,000,000
Building Size
—
Asset Type
Industrial
Closing
Aug 14, 2023
About this deal
AI
A $39,000,000 loan has been secured for the refinance of an industrial property located at ENEC Yuma Rd & 143rd Avenue in Goodyear, AZ. The property is owned by Baker Development Corporation, Foundation Capital Partners, and GTIS Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $39,000,000
- Lender: Arizona Bank & Trust
- Landlord: Baker Development Corporation, Foundation Capital Partners & GTIS Partners
- Broker: Dustin Stolly - Newmark
- Loan Type: Refinance
Dustin Stolly from Newmark represented the parties in the loan agreement. The lender, Arizona Bank & Trust, provided the necessary financing for the refinance deal.
On the Map
$39,000,000
Industrial
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Players
Yuma 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93