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2440 South Milliken Avenue,...

A10 Capital Provides $8.9M Loan For Industrial Property At 2440 S. Milliken Ave In Ontario
FINANCEDIndustrial

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

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

Brandon Perdeck
Verified Badge

Brandon Perdeck

Aries Capital

Broker

$178.6M

vol

12 deals

Broker
A10 Capital
A10 CapitalLender

Ontario Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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