The I-10 in Arizona, as mapped in public highway descriptions, enters the state at Ehrenberg and continues to the Phoenix metro. That is the freight lane, not a small-bay story. Owners who already hold Inland Empire big boxes tend to look at Tolleson, Goodyear, and the southwest warehouses where a single tenant and a truck court dominate the credit. Citybiz reported in August 2026 that INDUS acquired a 418,000-square-foot industrial building in Tolleson. That report is INDUS's acquisition, not a Capital Market Funds closing, and we do not imply this desk arranged that financing.
Underwriting a 400,000-square-foot logistics building is tenant credit, remaining term, clear height, and trailer storage. It is not suite-level rollover. If your Phoenix purchase is multi-tenant flex, use the small-bay page written for a different buyer. The city page for the Tolleson address is Tolleson. Phoenix warehouses that are inside the City of Phoenix are Phoenix industrial. Sponsors and owners start at sponsors and owners.
Acquisition debt is arranged on Arizona commercial mortgage. If California sale proceeds are parked in an exchange, the QI and the CPA own the tax work and the identification calendar. We only need the date so we know whether a life-company or bank process can finish. The Arizona exchange note is Arizona 1031. We do not claim a California license for the Inland Empire half of the trip.
One tenant, one truck court
Send the Tolleson or West Valley address, the single-tenant lease or the mark-to-market story, and the clear height. A lender comparing this with a Fontana cross-dock will still underwrite Arizona taxes, Arizona insurance, and the actual dock count. We will not pretend the buildings are interchangeable because both touch I-10.
Spec bulk that is still dark is bridge, with a takeout named. A five-year credit tenant can be life company or CMBS. A bank may hold a smaller occupied building. Fannie Mae does not finance warehouses.
Square footage we will not borrow
INDUS's 418,000 square feet is a public acquisition size. It shows that institutional buyers are taking down Tolleson product. It is not a loan amount this desk arranged and not a proceeds target for your file.
Nothing on the transactions list names Tolleson or an Inland Empire buyer.
Capital for a West Valley bulk building
| Source | When it fits |
|---|---|
| Life company | A leased West Valley logistics building with term already in place. |
| CMBS | A larger single-tenant box when life company or bank proceeds will not reach. |
| Bridge | A dark or marking-to-market warehouse that has to close before permanent credit. |
| Tolleson | The city page when the address is actually Tolleson. |