Updated Dec 19, 2024
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
About this deal
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.
On the Map
$220,000,000
$595/SF
Industrial
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Players
Fremont 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93