|
|
5/13/26
|
A 437k sf, single-tenant industrial building in Phoenix was refinanced with a new loan for $22 mil. The borrower was a private investor.
The building sits on approximately 23.25 acres and is currently used as both a showroom and warehouse facility for Living Spaces. It is located at 6600 W. Latham St, at a strategic location adjacent to I-10 with ready access to Loop 202, providing logistical efficiencies and consumer accessibility.
Gantry’s Tim Storey, Principal, and Chad Metzger, Senior Associate, arranged the five-year, fixed-rate loan. It was provided by a life company lender and features a full-term, interest-only payment schedule.
According to Storey, Phoenix remains one of the nation’s best performing markets for the asset class. A property like this with a reputable single tenant in place offers additional long-term residual value from being directly adjacent to a national logistics corridor like the I-10 with ready access to local markets via Loop 202.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
