Updated Sep 30, 2026
Logistics Property Co. Secures $68.3M Refinance Loan For Palm Gateway Logistics Center In Mesa AZ
8130 East Pecos Road
$68,300,000
$111/SF
Building Size
614,544 SF
Asset Type
Industrial
Closing
Sep 30, 2026
About this deal
AI
Logistics Property Co. secured a $68.3 million refinancing loan from Pacific Coast Capital Partners for the 614,544-square-foot industrial asset located at 8130 East Pecos Road in Mesa, AZ. The loan is designated to replace a $62.9 million construction loan previously issued by Old National Bank.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $68,300,000
- Lender: Donald Kuemmeler - Pacific Coast Capital Partners
- Landlord: James G. Martell - Logistics Property Co.
- Asset Size: 614,544 square feet
- Market: Mesa, AZ
- Loan Type: Refinance
- Previous Loan Amount: $62,900,000
- Occupancy as of March 2026: 52.4%
- Lease Agreement: 289,462-square-foot lease with Hims through 2036
Donald Kuemmeler represented Pacific Coast Capital Partners in the transaction, while James G. Martell represented Logistics Property Co. The refinancing aims to enhance the financial structure of the Palm Gateway Logistics Center, which was built in 2024.
On the Map
$68,300,000
$111/SF
Industrial
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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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93