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JP Morgan Provides $109.5M Acquisition Loan For Industrial Property In Apple Valley

Property Image
FINANCED
$109,500,000
Christopher (Chris) Kramer
Jordan (Jordy) Roeschlaub
+ 1

California

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Industrial1,340,000 SF
Financed 09/14/2023
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Property Image
FINANCED

JP Morgan Provides $109.5M Acquisition Loan For Industrial Property In Apple Valley

18880 Navajo Road

See Similar Deals
Industrial1,340,000 SF
Financed 09/14/2023
Christopher (Chris) Kramer
Jordan (Jordy) Roeschlaub
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$81
Total Square Footage:1,340,000 SF
Transaction Type:Loan

An industrial property located at 18880 Navajo Road in Apple Valley has recently been involved in a transaction. The property spans approximately 1,340,000 square feet, making it a significant asset in the market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $109,500,000
  • Address: 18880 Navajo Road, Apple Valley
  • Market: Apple Valley

The lender for this transaction was JP Morgan, with Jamie Dimon representing the company. The loan amount was $109,500,000, and it was classified as an acquisition loan.

Blue Owl, represented by Marc Zahr as the landlord, was the counterparty in this deal. The landlord's representatives were Dustin Stolly and Jordan Roeschlaub from Newmark. On the lender's side, Christopher Kramer, also from Newmark, acted as their representative.

Players

Dustin Stolly
264 deals$49.1B volume
BROKER

Dustin Stolly
Walker & Dunlop
264 deals$49.1B volume
BROKER

Christopher (Chris) Kramer
Newmark
112 deals$21.8B volume(212) 850-5472
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$96.2B volume
BROKER

Mark Zahr
7 deals$211.7M volume
BROKER

J.P. Morgan Chase
LENDER

Blue Owl
LENDER

Mark Zahr
7 deals$211.7M volume
LANDLORD

Mark Zahr
7 deals$211.7M volume
LANDLORD

Details

FINANCED
IMAGE: Jamie Dimon, Marc Zahr, Jordan Roeschlaub, Dustin Stolly & Christopher Kramer DATE: 09/14/2023 ADDRESS: 18880 Navajo Road MARKET: Apple Valley ASSET TYPE: Industrial ~ SF: 1,340,000 LENDER: JP Morgan (@JPMorgan) - Jamie Dimon LANDLORD: Blue Owl - Marc Zahr LENDER'S REP: Christopher Kramer - Newmark (@Newmark) LANDLORD'S REP: Dustin Stolly & Jordan Roeschlaub (@JordyRoeschlaub) - Newmark LOAN AMOUNT: $109,500,000 LOAN TYPE: Acquisition Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$109,500,000.00

Monthly NOI$730,000.00
Monthly Debt Service$692,114.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00