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4290 East Warner Road

Updated Jan 2, 2026

Schnitzer Properties Acquires Warner Commerce Center In Gilbert AZ For $78.28M With J.P. Morgan Chase Loan
SOLDIndustrial

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.

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$78,280,000

$40/SF

Industrial

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Players

SP
Schnitzer PropertiesBuyer
J.P. Morgan Chase
J.P. Morgan ChaseLender

Gilbert Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $40 per square foot on a published $78.3M for 1,944,485 square feet (2025).

Browse Gilbert industrial sales on Traded.

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

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