Updated Oct 29, 2024
First Security Bank Provides $34M Construction Loan For Industrial Property On Zeuber Road In Little Rock
7103 Zeuber Road
$34,000,000
$63/SF
Building Size
538,000 SF
Asset Type
Industrial
Closing
Nov 9, 2022
About this deal
AI
The industrial property located at 7103 Zeuber Road in Little Rock has recently been involved in a closed transaction. The property spans an area of 538,000 square feet, making it a substantial industrial asset in the market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $34,000,000
- Address: 7103 Zeuber Road
- Market: Little Rock
In this transaction, the lender involved was First Security Bank. The loan provided for the deal amounted to $34,000,000 and was of the construction type. The landlord of the property, represented by Zach Batson, is Asset Management Group.
Players
Little Rock 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93