Updated Oct 28, 2024
Square Mile Capital Management Provides $118M Refinance Loan For Mixed-Use Property In Bay Area
777 Industrial Road, San Carlos, California 94070, United States
$118,000,000
$786/SF
Building Size
150,000 SF
Asset Type
Mixed-use
Closing
Apr 20, 2022
About this deal
AI
The mixed-use property located at 777 Industrial Road in the Bay Area recently underwent a refinancing transaction. The property spans approximately 150,000 square feet and is owned by Presidio Bay Ventures.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $118,000,000
- Loan Type: Refinance
The lender for this transaction was Square Mile Capital Management. Jeff Wilcox from Gantry served as the broker representing the parties involved in the deal.
The mixed use loan at 777 Industrial Road, San Carlos, California 94070, United States in San Carlos, California financed for $118M in 2022. The building is 150,000 square feet, implying about 786 per square foot on the published price. Jeff Wilcox, Gantry appear on the loan alongside Gantry. This page is the San Carlos, California file for the 777 Industrial Road, San Carlos, California 94070, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same San Carlos sit in the Market section below. Filter that San Carlos mixed use set by closing date to see what else financed near 777 Industrial Road, San Carlos, California 94070, United States around 2022. Published consideration for 777 Industrial Road, San Carlos, California 94070, United States is $118M, dated 2022. Cite this Square Mile Capital Management Provides $118M Refinance Loan For Mixed-Use Property In Bay Area loan when underwriting similar mixed use product around San Carlos, California.
Players
San Carlos Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93