Tower Investments Secures $84M Acquisition Loan For Industrial Property In Vacaville
FINANCED
$84,000,000
California
See Similar DealsIndustrial370,575 SF
Financed 04/18/2022
FINANCED
Tower Investments Secures $84M Acquisition Loan For Industrial Property In Vacaville
1661 East Monte Vista Avenue, Vacaville, California 95688, United States
See Similar DealsIndustrial370,575 SF
Financed 04/18/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$226
Total Square Footage:370,575 SF
Transaction Type:Loan
The industrial property located at 1661 East Monte Vista Avenue in Vacaville has been involved in a recent closed transaction. The property spans 370,575 square feet and is part of the industrial asset type. The transaction took place on 04/18/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Address: 1661 East Monte Vista Avenue
- Market: Vacaville
- Square Footage: 370,575
The loan for this transaction was provided by Citigroup and Wells Fargo. The loan amount was not mentioned, but it was classified as an acquisition loan. The loan terms are for a 10-year interest-only period. The landlord in this transaction is Tower Investments. The brokers involved in the deal were Jason Kahn and Thomas Wayda from Meridian Capital Group.
Players
BROKERAGE
LENDER
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$84,000,000.00
Monthly NOI$560,000.00
Monthly Debt Service$530,937.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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