Zions Bank Provides $20M Loan For Industrial Property On Cucamonga Ave. In Ontario
FINANCED
$20,000,000
California
See Similar DealsIndustrial210,703 SF
Financed 06/15/2020
FINANCED
Zions Bank Provides $20M Loan For Industrial Property On Cucamonga Ave. In Ontario
1656 South Cucamonga Avenue
See Similar DealsIndustrial210,703 SF
Financed 06/15/2020
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$94
Total Square Footage:210,703 SF
Transaction Type:Loan
The industrial property located at 1656 S. Cucamonga Ave in Ontario has been involved in a recent transaction. The loan for this property was provided by Zions Bank, with A. Scott Anderson as the representative from the bank. The loan amount secured for this transaction was $20,000,000. The property spans across 210,703 square feet, highlighting its significant size within the industrial market in Ontario.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Address: 1656 S. Cucamonga Ave
- Market: Ontario
- Lender: Zions Bank - A. Scott Anderson
The transaction was facilitated by Alere Property Group, who served as the brokers in this deal. Their expertise in the market played a crucial role in successfully closing this substantial loan for the industrial property located in Ontario. This transaction showcases the ongoing growth and development within the industrial sector in this market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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