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Invesco Advisers Inc. Secures $99.2M Loan For 335K SF Industrial Property In Alameda

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FINANCED
$99,235,000

California

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Industrial335,000 SF
Financed 06/07/2020
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FINANCED

Invesco Advisers Inc. Secures $99.2M Loan For 335K SF Industrial Property In Alameda

1410 Harbor Bay Parkway, Alameda, CA, USA

See Similar Deals
Industrial335,000 SF
Financed 06/07/2020
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$296
Total Square Footage:335,000 SF
Transaction Type:Loan

The industrial property located at 1410-1430 Harbor Bay Road & 1955-2115 North Loop Road in Alameda has been involved in a recent transaction. The property, with a total square footage of 335,000, was the subject of a loan.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $99,235,000
  • Date: 06/07/2021
  • Market: Alameda
  • Landlord: Invesco Advisers Inc.
  • Brokers: Ramsey Daya & Chris Moritz - Newmark

The loan amount for the property was $99,235,000. Ramsey Daya and Chris Moritz from Newmark represented the parties involved in the transaction.

Players

Ramsey Daya
12 deals$2.6B volume
BROKER

Christopher (Chriz) Moritz
Newmark
6 deals$2B volume
BROKER

Invesco Real Estate
LENDER

Details

FINANCED
IMAGE: Ramsey Daya, Martin Flanagan & Chris Moritz DATE: 06/07/2021 ADDRESS: 1410-1430 Harbor Bay Road & 1955-2115 North Loop Road MARKET: Alameda ASSET TYPE: Industrial LANDLORD: Invesco Advisers Inc. BROKERS: Ramsey Daya & Chris Moritz - Newmark LOAN AMOUNT: $99,235,000 SF: 335,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$99,235,000.00

Monthly NOI$661,566.67
Monthly Debt Service$627,232.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00