Updated Jan 2, 2026
Schnitzer Properties Acquires Warner Commerce Center In Gilbert AZ For $78.28M With J.P. Morgan Chase Loan
4290 East Warner Road , 4230 East Warner Road, 4320 East Warner Road, 4230 East Warner Road & 4160 East Warner Road
$78,280,000
$40/SF
Building Size
388,897 SF
Asset Type
Industrial
Closing
Dec 30, 2025
About this deal
AI
The industrial property at 4290, 4320, 4230, & 4160 East Warner Road in Gilbert, AZ was sold for $78,280,000, equating to approximately $201 per square foot. The asset comprises a four-building industrial complex constructed in 2023, encompassing a total area of 388,897 square feet, and offers modern amenities along with parking spaces for 642 vehicles.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $78,280,000
- Sale Date: 12/30/2025
- Buyer: Schnitzer Properties
- Seller: Hillwood Investment Properties
- Lender: J.P. Morgan Chase
- Price per Square Foot: $201
- Total Square Feet: 388,897
- Market: Gilbert, AZ
Schnitzer Properties acquired the Warner Commerce Center, funded partially by a $50.5 million loan from J.P. Morgan Chase. This acquisition contributes to Schnitzer's portfolio, which includes 2.5 million square feet of regional retail and industrial assets.
On the Map
$78,280,000
$40/SF
Industrial
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Gilbert Industrial Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93