facebook

traded

+ Submit
Home

/

Deals

/

California

/

Industrial

/

Loan

/

1269 East Grant Line Road

Danny Queenan Of Trammell Crow Company Secures $70.2M Loan For Industrial Asset In Tracy
FINANCEDIndustrial

Danny Queenan Of Trammell Crow Company Secures $70.2M Loan For Industrial Asset In Tracy

1269 East Grant Line Road

$70,200,000

$115/SF

Building Size

606,000 SF

Asset Type

Industrial

Closing

Mar 26, 2025

AI

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

Bradford Zampa

CBRE

Broker

$2.1B

vol

20 deals

Broker

Jack Cheng

Barings

Lender

$71.8M

vol

3 deals

Lender
Barings
BaringsLender

Tracy Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93