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555 East Queen Creek Road

CBRE Refinances Queen Creek Commerce Center In Chandler For $44M
FINANCEDMultiFamily

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

Bruce Francis

CBRE

Broker

$717.8M

vol

18 deals

Broker

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