Chapman Automotive Group Purchases Land In Gilbert For $16,650,847 From Park Corporation
South Val Vista Drive And East Pecos Road
$16,650,847
$52/SF
Building Size
317,116 SF
Asset Type
Land
Closing
Nov 2, 2026
About this deal
AI
The property asset involved in this transaction is a land parcel located at South Val Vista Drive & East Pecos Road in Gilbert. The land encompasses an area of 7.3 acres and was sold for a total transaction amount of $16,650,847.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $16,650,847
- Address: South Val Vista Drive & East Pecos Road
- Market: Gilbert
- Buyer: Chapman Automotive Group
- Seller: Park Corporation
- Brokers: Lane Neville, Cole Neville, Matt Westra, Brandon Hall & Cade Olivas - NAI Horizon
- Acres: 7.3
This transaction was executed between Chapman Automotive Group as the buyer and Park Corporation as the seller. The deal was facilitated by the brokerage team of Lane Neville, Cole Neville, Matt Westra, Brandon Hall, and Cade Olivas, all representing NAI Horizon in this transaction.
On the Map
$16,650,847
$52/SF
Land
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93