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920 Eubanks Drive

Affinius Capital Secures $135 Million Refinance Loan From SMBC For Industrial Asset In Vacaville
FINANCEDIndustrial

Affinius Capital Secures $135 Million Refinance Loan From SMBC For Industrial Asset In Vacaville

920 Eubanks Drive

$135,000,000

$109/SF

Building Size

1,228,982 SF

Asset Type

Industrial

Closing

Oct 31, 2024

AI

The property asset involved in this transaction is an industrial facility located at 920 Eubanks Drive in Vacaville, encompassing a total square footage of 1,228,982. The transaction relates to a refinance loan amounting to $135,000,000.

Summary of transaction details:

This transaction brings together several key players including the lender's representatives, Hiro Otsuka and Alex Cabria from SMBC. Len O'Donnell represents Affinius Capital as the landlord, with additional support from the team at Newmark, which includes Jordan Roeschlaub, Jonathan Firestone, Ramsey Daya, Christopher Moritz, and Blake Thompson in facilitating the deal.

Players

Ramsey Daya

Newmark

Broker

$2.6B

vol

12 deals

Broker
Sumitomo Mitsui Banking Corporation (SMBC)
Sumitomo Mitsui Banking Corporation (SMBC)Lender

Vacaville Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93