Updated Dec 4, 2024
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
About this deal
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.
On the Map
$12,200,000
$170/SF
Industrial
View full map
Players
Fremont Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit Tony Kaufmann to view all their deals.
Browse Fremont industrial loans on Traded.
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