CBRE Refinances Queen Creek Commerce Center In Chandler For $44M
555 East Queen Creek Road
$44,000,000
$78/SF
Building Size
560,352 SF
Asset Type
MultiFamily
Closing
May 30, 2024
AI
The Queen Creek Commerce Center, an industrial complex located at 555 E. Queen Creek Road in Chandler, has undergone a refinancing deal amounting to $44,000,000 facilitated by CBRE. The asset comprises a multifamily property with a total square footage of 560,352 and spans across 34.5 acres.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $44,000,000
- Market: Chandler, AZ
- Address: 555 East Queen Creek Road
- Brokers: Bruce Francis, Doug Birrell & Robert (Bob) Ybarra - CBRE
- Landlord: Schnitzer Properties
CBRE played a pivotal role in finalizing the $44 million refinancing deal for the Queen Creek Commerce Center. The brokers involved in the transaction were Bruce Francis, Doug Birrell, and Robert (Bob) Ybarra from CBRE, representing the landlord, Schnitzer Properties.
Players
Chandler MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93