Updated May 12, 2025
ATLAS Capital Partners And Hawkins Development Company Acquire 38 Acres In Mesa For $13.8M
4140 South Signal Butte Road
$13,800,000
Building Size
—
Asset Type
Industrial
Closing
Apr 2, 2025
About this deal
AI
An industrial property comprising 38 acres located at 4140 South Signal Butte Road, Mesa, AZ, was sold for $13,800,000. This asset is situated in Mesa's Elliot Road Tech Corridor and is expected to be developed into ATLAS Exchange, a four-building Class A industrial project.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,800,000
- Buyer: ATLAS Capital Partners & Hawkins Development Company
- Seller: Brookfield Properties
- Brokers: Pat Harlan & Steve Larsen - JLL
- Acres: 38
This transaction highlights the collaboration between ATLAS Capital Partners and Hawkins Development Company in acquiring the property to undertake a significant development project, further emphasizing Brookfield Properties' role as the seller while JLL facilitated the deal.
Players
Mesa 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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93