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Heitman Provides $145M Construction Loan For Industrial Campus In Chino, CA

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FINANCED
$145,000,000

California

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Industrial504,017 SF
Financed 08/24/2023
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FINANCED

Heitman Provides $145M Construction Loan For Industrial Campus In Chino, CA

7311 Kimball Ave Chino, CA 91708, USA

See Similar Deals
Industrial504,017 SF
Financed 08/24/2023
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$287
Total Square Footage:504,017 SF
Transaction Type:Loan

The industrial campus located at 7311 Kimball Avenue in Chino, CA has recently been involved in a loan transaction. The property, with a total square footage of 504,017, is owned by Blackstone and Link Logistics. The loan, amounting to $145,000,000, was provided by Heitman and is in the form of a construction loan.

Summary of transaction details:

  • Property Type: Industrial Campus
  • Transaction Amount: $145,000,000
  • Address: 7311 Kimball Avenue, Chino, CA
  • Market: Chino, CA
  • Lender: Heitman
  • Landlord: Blackstone & Link Logistics
  • Brokers: Peter Nicoletti, Dylan Kane & Zach Redding - Colliers

Peter Nicoletti, Dylan Kane, and Zach Redding from Colliers served as the brokers in this loan transaction, representing the interests of the parties involved. They played a crucial role in facilitating the loan deal for the industrial campus property on Kimball Avenue in Chino, CA.

Players

Dylan Kane
58 deals$2.9B volume(516) 965-7860
BROKER

Peter Nicoletti
Colliers
10 deals$817.2M volume
BROKER

Zach Redding
Colliers
54 deals$1.8B volume(570) 574-9015
BROKER

Link Logistics Real Estate
BROKERAGE



Heitman
LENDER



Blackstone
LANDLORD

Details

FINANCED
IMAGE: Peter Nicoletti, Dylan Kane & Zach Redding DATE: 08/24/2023 ADDRESS: 7311 Kimball Avenue MARKET: Chino, CA ASSET TYPE: Industrial Campus~ SF: 504,017 LENDER: Heitman LANDLORD: Blackstone (@Blackstone) & Link Logistics (@LinkLogisticsRE) BROKERS: Peter Nicoletti, Dylan Kane (@Dylankane1) & Zach Redding (@Zredds) - Colliers (@ColliersInternational) LOAN AMOUNT: $145,000,000 LOAN TYPE: Construction Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$145,000,000.00

Monthly NOI$966,666.67
Monthly Debt Service$916,498.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00