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44109 Pacific Commons Blvd,...

Overton Moore Properties Secures $220M Loan For Industrial Property In Fremont
FINANCEDIndustrial

Overton Moore Properties Secures $220M Loan For Industrial Property In Fremont

44109 Pacific Commons Blvd, Fremont, CA, USA

$220,000,000

$595/SF

Building Size

369,180 SF

Asset Type

Industrial

Closing

Sep 1, 2021

AI

The industrial property located at 44109 Pacific Commons Blvd. in Fremont was involved in a closed transaction. The property, owned by Overton Moore Properties and Timur Tecimer & Invesco Ltd., is situated in the market of Fremont. The loan amount for this transaction was $220,000,000, with a loan term of 12 years.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $220,000,000
  • Market: Fremont
  • Address: 44109 Pacific Commons Blvd.
  • Landlord: Overton Moore Properties - Timur Tecimer & Invesco Ltd.

The key individuals and companies involved in this transaction were Overton Moore Properties, Timur Tecimer, and Invesco Ltd. They represented the landlord in this deal. The loan for this property will be in place for 12 years, providing a long-term financing solution.

Players

Invesco Real Estate
Invesco Real EstateLender

Fremont 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

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93