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:
- Property Type: Industrial
- Transaction Amount: $50,400,000
- Sale Date: 02/03/2026
- Address: 10070 West Clark Farms Boulevard
- Market: Marana, AZ
- Square Footage: 435,023
- Price Per Square Foot: $116
- Buyer: BlackRock
- Seller: Flint Development
- Buyer's Representative: Peter Wessling & Steve Shields - Transportation Property Company
- Seller's Representative: Tim Healy, John Werstler, Tanner Ferrandi - CBRE & Robert Glaser - Cushman & Wakefield
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
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