Edward P. Roski Jr. & Reon Roski Lease 99-Year Ground Lease From Martin Harvier In Arizona
East Mcdonald Drive & North Pima Road
Building Size
—
Asset Type
Land
Closing
Jul 16, 2026
About this deal
AI
The lease transaction involves a ground lease for land located at East McDonald Drive & North Pima Road in the Arizona market. The property is part of a plan to develop a Class-A light industrial project near Talking Stick Resort. The project is set to include up to eight warehouse buildings totaling nearly 1 million square feet dedicated to manufacturing, distribution, food processing, and other industrial uses.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Landlord: Martin Harvier - Salt River Pima-Maricopa Indian Community
- Tenant: Edward P. Roski Jr. & Reon Roski - Majestic Realty
- Lease Terms: 99-year
- Lease Type: Ground Lease
- Market: Arizona
Edward P. Roski Jr. and Reon Roski represent Majestic Realty in this lease agreement, while Martin Harvier represents the Salt River Pima-Maricopa Indian Community. The lease is significant as construction for the project is anticipated to begin in 2027.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93