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45541 Northport Loop West

Gantry Secures $12.2M Loan For Fremont Industrial Property At 45541-45581 Northport Loop West
FINANCEDIndustrial

Gantry Secures $12.2M Loan For Fremont Industrial Property At 45541-45581 Northport Loop West

45541 Northport Loop West

$12,200,000

$170/SF

Building Size

71,500 SF

Asset Type

Industrial

Closing

Jun 13, 2024

AI

A $12.2-million permanent loan was secured by Gantry to refinance a fully occupied 71,500-square-foot industrial property located at 45541-45581 Northport Loop West in Fremont. The financing, provided by a correspondent life company lender, offers favorable terms including extensive prepayment flexibility.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $12,200,000
  • Address: 45541-45581 Northport Loop West
  • Market: Fremont
  • Asset Type: Industrial
  • Square Footage: 71,500

Principal Tony Kaufmann and his team from Gantry's San Francisco office, including Alex Poulos and Joe Foley, represented the property in securing the loan package. The property's strong leasing history and stable occupancy by two long-term tenants were crucial factors in securing the competitive loan terms from the correspondent life company lender.

Players

Tony Kaufmann

Gantry

Broker

$457.9M

vol

25 deals

Broker

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

1.30%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93