NorthMarq Capital's Phoenix office arranges acquisition financing of $5.2 million for office-warehouse in Phoenix, Arizona
PHOENIX – NorthMarq Capital’s Phoenix-based regional office, arranged acquisition financing of $5.2 million for Ahwatukee 48, an 87,772 sq. ft. office/warehouse property located at 15905-15915 S. 46th Street, 15920-15930 S. 48th Street in Phoenix, Arizona. The transaction was structured with a 20-year term and 25-year amortization schedule. NorthMarq arranged financing through its correspondent relationship with Ohio National. Keller Williams Desert Foothills Realty and Synaptics, Inc. are the property’s major tenants. “We continue to see rent growth and strong occupancy levels in the office/warehouse/flex sectors, and this is a high quality project with excellent access.” said Stults. “Ohio National offered attractive terms on the low-leverage loan and a fast, seamless underwriting and closing process to meet critical deadlines.”
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
