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AGS TRIP Corp Secures $24.5 Million Loan For Amazon-Leased Distribution Facility In Tampa

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FINANCED
$24,500,000

Florida

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Industrial112,000 SF
Financed 12/07/2024
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FINANCED

AGS TRIP Corp Secures $24.5 Million Loan For Amazon-Leased Distribution Facility In Tampa

8727 Harney Road

See Similar Deals
Industrial112,000 SF
Financed 12/07/2024
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$218
Total Square Footage:112,000 SF
Transaction Type:Loan

The transaction involves a 112,000-square-foot industrial property located at 8727 Harney Road in Tampa. The asset is leased to Amazon and was financed for a total loan amount of $24.5 million through a fixed-rate loan from Reinsurance Group of America. The property is strategically situated near major transportation routes and the Port of Tampa Bay, aligning with the strong industrial demand within the growing Tampa market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $24,500,000
  • Address: 8727 Harney Road
  • Market: Tampa
  • Lender: Reinsurance Group of America
  • Landlord: AGS TRIP Corp
  • Brokers: Brian Gaswirth, Chevalier McWilliams & Jimmy Calvo - JLL
  • Loan Terms: fixed-rate

JLL Capital Markets played a crucial role in securing financing for AGS TRIP Corp, representing the landlord in this transaction. The involvement of brokers Brian Gaswirth, Chevalier McWilliams, and Jimmy Calvo from JLL signifies the collaboration among professionals to facilitate this loan, reflecting the dynamics of the commercial real estate financing landscape.

Players

Brian Gaswirth
45 deals$6.3B volume(305) 421-6554
BROKER

Jimmy Calvo
JLL
16 deals$3B volume
BROKER

Chevalier (Val) McWilliams
JLL
7 deals$325M volume
BROKER

Reinsurance Group of America
LENDER

Details

FINANCED
IMAGE: Brian Gaswirth, Jimmy Calvo & Chevalier McWilliams DATE: 12/07/2024 ADDRESS: 8727 Harney Road MARKET: Tampa ASSET TYPE: Industrial ~ SF: 112,000 LENDER: Reinsurance Group of America LANDLORD: AGS TRIP Corp BROKERS: Brian Gaswirth (@BGassy), Chevalier McWilliams & Jimmy Calvo - JLL (@JLL) LOAN AMOUNT: $24,500,000 LOAN TERMS: fixed-rate NOTE: JLL Capital Markets secured $24.5 million in fixed-rate financing for AGS TRIP Corp's 112,000-square-foot Amazon-leased distribution facility in Tampa, FL, through Reinsurance Group of America. The property, strategically located near major transportation routes and the Port of Tampa Bay, benefits from strong industrial demand in the growing Tampa market.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$24,500,000.00

Monthly NOI$163,333.33
Monthly Debt Service$154,856.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00