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Danny Queenan Of Trammell Crow Company Secures $70.2M Loan For Industrial Asset In Tracy
FINANCED
$70,200,000
California
See Similar DealsIndustrial606,000 SF
Financed 03/26/2025
FINANCED
Danny Queenan Of Trammell Crow Company Secures $70.2M Loan For Industrial Asset In Tracy
1269 East Grant Line Road
See Similar DealsIndustrial606,000 SF
Financed 03/26/2025
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$115
Total Square Footage:606,000 SF
Transaction Type:Loan
The asset involved in this transaction is an industrial property located at 1269 East Grant Line Road in the Tracy market. The loan for this property is refinanced for a total amount of $70,200,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $70,200,000.00
- Lender: Barings
- Landlord: Danny Queenan - Trammell Crow Company
- Brokers: Michael "Mike" Walker - CBRE, Bradford "Brad" Zampa - CBRE
- Loan Type: Refinance
- Loan Date: 03/26/2025
This transaction involves broker representatives Michael "Mike" Walker and Bradford "Brad" Zampa, both affiliated with CBRE, who played key roles in facilitating the refinance of the industrial property managed by landlord Danny Queenan, representing Trammell Crow Company.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$70,200,000.00
Monthly NOI$468,000.00
Monthly Debt Service$443,711.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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