A10 Capital Provides $8.9M Loan For Industrial Property At 2440 S. Milliken Ave In Ontario
2440 South Milliken Avenue, Ontario, CA, USA
$8,900,000
$123/SF
Building Size
71,850 SF
Asset Type
Industrial
Closing
Nov 29, 2020
AI
Located at 2440 S. Milliken Avenue in Ontario, this industrial property recently underwent a closed transaction. The property is owned by Amrapur and was the subject of a loan transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,900,000
- Loan Terms: 10 year, non-recourse
- Lender: A10 Capital
- Landlord: Amrapur
- Broker: Brandon Perdeck - Aries Capital
Brandon Perdeck from Aries Capital represented the parties involved in this loan transaction. The loan amount was $8,900,000 with a term of 10 years and non-recourse terms. For further information on industrial and other property financing opportunities ranging from $5 million to $100 million nationwide, you can contact [email protected] or connect with Brandon Perdeck on Instagram (@BrandonPerdeck).
Players
Ontario 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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93