Societe Generale Provides $80M Acquisition Loan For 596,000 SF Industrial Property In Riverside
14063 Brown St
$80,000,000
$134/SF
Building Size
596,000 SF
Asset Type
Industrial
Closing
Apr 17, 2023
AI
The industrial property located at 14063 Brown St in Riverside has been involved in a recent closed transaction. The property spans across 596,000 square feet, making it a significant asset in the area. The transaction took place between the borrower, High Tech Logistics, and the lender, Societe Generale.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $80,000,000
- Loan Type: Acquisition Loan
- Loan Terms: 100% LTC Full Term IO
Represented by Marvin Jeremias and Meyer Ovadia from Crossmark Capital, the deal was facilitated successfully. The loan amount of $80,000,000 was provided by Societe Generale to support the acquisition. High Tech Logistics, the landlord, secured this loan to advance their industrial operations in Riverside.
Players
Market 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93