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J.P. Morgan Asset Management And Zenith Industrial Outdoor Storage Secure $130M Refinancing From KeyBank
FINANCED
$130,000,000
Arizona
See Similar DealsIndustrial
Financed 02/24/2026
FINANCED
J.P. Morgan Asset Management And Zenith Industrial Outdoor Storage Secure $130M Refinancing From KeyBank
Industrial
Financed 02/24/2026
Summary
Asset Type:Industrial
Transaction Type:Loan
The asset involved in this transaction is an industrial portfolio located in Arizona, consisting of 14 properties that are 98% leased. This portfolio was refinanced for a total of $130,000,000 by KeyBank with a focus on enhancing the financial strategy of the properties within the industrial sector.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $130,000,000
- Lender: KeyBank
- Landlord: Benjamin Atkins - Zenith Industrial Outdoor Storage & J.P. Morgan Asset Management
- Loan Type: Refinance
This refinancing was executed by Benjamin Atkins of Zenith Industrial Outdoor Storage alongside J.P. Morgan Asset Management, highlighting their commitment to managing and optimizing the industrial properties across four U.S. regions.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$130,000,000.00
Monthly NOI$866,666.67
Monthly Debt Service$821,688.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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