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550 North Pioneer Avenue

Updated Aug 31, 2026

Bilt advertisement
Gantry Secures $28.3 Million Loan For Fully Leased Industrial Portfolio In California
FINANCEDIndustrial

Gantry Secures $28.3 Million Loan For Fully Leased Industrial Portfolio In California

550 North Pioneer Avenue, 9971 Horn Road & 401 South Granada Drive

$28,300,000

$17/SF

Building Size

531,000 SF

Asset Type

Industrial

Closing

Aug 21, 2026

About this deal

AI

The asset involved in this transaction includes a fully leased, three-property industrial portfolio totaling 531,000 square feet. The properties are located at 550 North Pioneer Avenue, 9971 Horn Road, and 401 South Granada Drive in the markets of Woodland, Sacramento, and Madera, California. The loan amount secured for this portfolio is $28,300,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $28,300,000
  • Loan Type: Recapitalization
  • Loan Terms: five-year, non-recourse, floating rate
  • Address: 550 North Pioneer Avenue, 9971 Horn Road & 401 South Granada Drive
  • Market: Woodland, Sacramento & Madera, CA
  • Brokers: Tony Kaufmann & Toby Judge - Gantry

Tony Kaufmann and Toby Judge of Gantry represented the private real estate investor in this transaction. The five-year, non-recourse floating-rate loan was provided by an undisclosed life company lender, facilitating the recapitalization of the industrial portfolio.

Players

Tony Kaufmann

Gantry

Broker

$513.7M

vol

26 deals

Broker

Woodland Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Deal FAQ

About $17 per square foot on a published $28.3M for 1,593,000 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.56%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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