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10/20/25
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A 377k sf, Class A industrial facility on 26 acres in the Phoenix area was purchased by a private investor in a recent acquisition. Although we don’t have the price, we can tell you that the deal was financed with a new $33.1 mil permanent loan.
The 303 Logistics Phase II building, completed in 2023 as the second phase for a four-building master planned development of large footprint warehouse facilities, is located at 6701 N. Logistics Way in Litchfield Park, a West Valley suburb of Metro Phoenix.
The building is divisible for single or multi-tenant occupancy and offers state-of-the-art infrastructure including 36-foot clear heights, 190-foot concrete truck courts, 44 dock-high doors, two grade-level doors, 55 trailer parking spaces, 148 auto parking spaces, full warehouse HVAC and ESFR systems, spec office suite, and direct Loop 303 frontage with ready access to Interstate 10.
Tim Storey, Chad Metzger and Andrew Christopherson with Gantry arranged the financing. The seven-year, fixed rate, non-recourse loan was funded through an insurance company lender and includes full term interest only. According to Gantry’s Storey, modern large footprint, new construction warehouse assets like the 303 Logistics Phase II building appeal to investors for their continued relevance to modern logistics users, and to lenders for their strong fundamentals and consistent performance.
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