Updated Oct 28, 2024
Contour Real Estate Acquires 112-Acre Development Site In Mesa Gateway For $36.7M
SWC of Warner Rd. & Sossaman Rd
$36,700,000
$24/SF
Building Size
1,500,000 SF
Asset Type
Development Site
Closing
Dec 10, 2021
About this deal
AI
A development site located at the SWC of Warner Rd. & Sossaman Rd. in the Mesa Gateway market has been sold. The property spans approximately 112 acres and was sold for a total price of $36,700,000. The transaction took place on December 10, 2021.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $36,700,000
- Address: SWC of Warner Rd. & Sossaman Rd.
- Market: Mesa Gateway
- Acres: 112
The buyer of the development site is Contour Real Estate, while the seller is Bob Yost. The deal was facilitated by brokers Dylan Sproul and Paul Borgesen from SVN Desert Commercial Advisors.
Players
Woodland Hills Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93