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
Tracy 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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93