Updated Oct 29, 2024
Henry Miller Of Diamond Business Loans Facilitates $4.2M Loan For Industrial Property In Adelanto, High Desert
17080 Muskrat Avenue, Adelanto, CA, USA
$4,200,000
$35/SF
Building Size
120,000 SF
Asset Type
Industrial
Closing
Apr 18, 2019
About this deal
AI
HENRY MILLER, an industrial property located at 17080 Muskrat Ave in Adelanto, High Desert, has been involved in a closed transaction. The property, measuring 120,000 square feet, was sold for a total loan amount of $4.2 million. The loan, provided by Pelorus Equity Group, had a loan-to-cost ratio of 38%. The asset type of HENRY MILLER is industrial.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4.2M
- Loan Terms: 38% LTC
- Lender: Pelorus Equity Group
- Loan Amount: $4.2M
The broker involved in the deal was HENRY MILLER from Diamond Business Loans.
Players
Adelanto 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93