Shelter Growth Capital Partners Provides $16.2M Construction Loan For Industrial Outdoor Storage In Fontana
8247 Lime Ave Fontana, CA 92335, USA
$16,200,000
$1,296/SF
Building Size
12,500 SF
Asset Type
Other
Closing
Jul 17, 2023
AI
An industrial outdoor storage (IOS) property located at 8247 Lime Avenue in Fontana has recently undergone a transaction involving a construction loan. The property spans approximately 12,500 square feet and sits on 5.6 acres of land. The deal was facilitated by Alex Staikos from JLL, who served as the broker representing Iconic Equities, the landlord. Tim Bishop, from Shelter Growth Capital Partners, acted as the lender in the transaction.
Summary of transaction details
- Property Type: Industrial Outdoor Storage (IOS)
- Transaction Amount: $16,200,000
- Address: 8247 Lime Avenue
- Market: Fontana
- Square Footage: 12,500
- Acres: 5.6
- Broker: Alex Staikos - JLL
- Landlord: Iconic Equities - Tim Bishop
- Lender: Shelter Growth Capital Partners
Tim Bishop from Iconic Equities served as the landlord in this transaction, while Alex Staikos from JLL acted as the broker representing the landlord. Shelter Growth Capital Partners, led by Tim Bishop, provided a construction loan totaling $16,200,000 for the deal.
Players
Los Angeles Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93