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

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FINANCED
$220,000,000

California

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Industrial369,180 SF
Financed 09/01/2021
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Property Image
FINANCED

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

44109 Pacific Commons Blvd, Fremont, CA, USA

See Similar Deals
Industrial369,180 SF
Financed 09/01/2021
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$595
Total Square Footage:369,180 SF
Transaction Type:Loan

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

LENDER

Details

FINANCED
IMAGE: Timur Tecimer DATE: 09/01/2021 ADDRESS: 44109 Pacific Commons Blvd. MARKET: Fremont ASSET TYPE: Industrial LANDLORD: Overton Moore Properties - Timur Tecimer & Invesco Ltd. LOAN AMOUNT: $220,000,000 LOAN TERMS: 12-year

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$220,000,000.00

Monthly NOI$1,466,666.67
Monthly Debt Service$1,390,549.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00