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401 Naamans Road

KPR Centers–PCCP Joint Venture Secures $70 Million Bridge Loan For Tri-State Distribution Center In Claymont
FINANCEDIndustrial

KPR Centers–PCCP Joint Venture Secures $70 Million Bridge Loan For Tri-State Distribution Center In Claymont

401 Naamans Road

$70,000,000

$133/SF

Building Size

525,000 SF

Asset Type

Industrial

Closing

Mar 23, 2026

AI

The property asset involved in this transaction is a 525,000-square-foot industrial facility located at 401 Naamans Road in Claymont, Delaware. The transaction included a bridge loan amounting to $70,000,000, with the financing secured for a three-year period.

Summary of transation details:

The bridge financing was arranged by JLL on behalf of a KPR Centers–PCCP joint venture, facilitating the acquisition of the Tri-State Distribution Center. The transaction reflects the collaborative effort of multiple brokers who played a significant role in securing the financing for this industrial asset.

Players

Christopher Drew

JLL

Broker

$4.7B

vol

48 deals

Broker
P
PearlmarkLender

Claymont Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93