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1450 Brickell Avenue

Wells Fargo Bank And Capital One Provide $357.77M Loan For Industrial Acquisition In Multiple Markets
FINANCEDIndustrial

Wells Fargo Bank And Capital One Provide $357.77M Loan For Industrial Acquisition In Multiple Markets

1450 Brickell Avenue

$357,776,000

$65/SF

Building Size

5,492,692 SF

Asset Type

Industrial

Closing

Dec 5, 2024

AI

The transaction involves a total loan amount of $357,776,000 for the acquisition of an industrial asset with a total square footage of 5,492,692. The address is various, situated within the markets of Austin, TX, Houston, TX, Chicago, IL, Harrisburg, PA, and Greenville, SC.

Summary of transaction details:

This deal features significant involvement from multiple representatives at JLL, who facilitated the transaction on behalf of the landlords. The lenders, Wells Fargo Bank and Capital One, played a crucial role in underwriting the loan for this transaction.

Players

Brian Gaswirth

JLL

Broker

$6.3B

vol

45 deals

Broker
Capital One
Capital OneLender

Miami 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

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93