United Omaha Life Insurance Provides $27.5M Refinance Loan For Industrial Property In Fremont
46400 Fremont Boulevard, Fremont, California 94538, United States
$27,500,000
$198/SF
Building Size
138,343 SF
Asset Type
Industrial
Closing
Apr 20, 2022
AI
The recently closed property transaction in Fremont involves an industrial asset located at 46400 Fremont Blvd. This property spans across 140,000 square feet and is situated in the Fremont market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $27,500,000
- Date: 04/21/2022
- Lender: United Omaha Life Insurance
- Landlord: Dollinger Properties
- Broker: Tony Kaufmann - Gantry
- Loan Type: Refinance
- Loan Terms: 11-year, fixed-rate
The lender for this transaction was United Omaha Life Insurance, while Dollinger Properties acted as the landlord. The broker representing this deal is Tony Kaufmann from Gantry. The loan amount for this refinance transaction was $27,500,000, and the loan has a fixed-rate for a term of 11 years.
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
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93