Joe Bolognese Represents Lender In $1.25M Industrial Loan At 550 W Centennial Blvd Casa Grande
550 W Centennial Blvd
$1,250,000
$29/SF
Building Size
42,865 SF
Asset Type
Industrial
Closing
Oct 7, 2024
AI
The property asset involved in the transaction is located at 550 W Centennial Blvd in Casa Grande, classified as an industrial asset. The loan amount associated with this transaction is $1,250,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,250,000.00
- Address: 550 W Centennial Blvd
- Market: Casa Grande
- Brokers: Joe Bolognese, Matthew Furey (Colliers)
The brokers representing this transaction include Joe Bolognese and Matthew Furey from Colliers. Their involvement highlights the professional support provided throughout the loan process for the industrial property in Casa Grande.
Players
Casa Grande Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93