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
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.
Players
San Carlos Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
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