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10070 West Clark Farms Boul...

BlackRock Acquires Southern Arizona Logistics Center For $50.4 Million From Flint Development
SOLDIndustrial

BlackRock Acquires Southern Arizona Logistics Center For $50.4 Million From Flint Development

10070 West Clark Farms Boulevard

$50,400,000

$115/SF

Building Size

435,023 SF

Asset Type

Industrial

Closing

Feb 3, 2026

AI

On February 3, 2026, a warehouse property located at 10070 West Clark Farms Boulevard in Marana, Arizona, was sold for $50.4 million. This industrial asset spans 435,023 square feet and has a price per square foot of $116.

Summary of transaction details:

This transaction involved notable representatives in the commercial real estate sector, with the seller being supported by Tim Healy, John Werstler, Tanner Ferrandi from CBRE, and Robert Glaser from Cushman & Wakefield working on behalf of Flint Development. BlackRock was represented by Peter Wessling and Steve Shields from Transportation Property Company in this significant industrial acquisition.

Players

John Werstler

CBRE

Broker

$87.6M

vol

3 deals

Broker
BlackRock
BlackRockBuyer

Marana Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93