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Opportunity Drive

Grupo Trusot Secures $22.32 Million Construction Loan For Industrial Asset In Melbourne
FINANCEDIndustrial

Grupo Trusot Secures $22.32 Million Construction Loan For Industrial Asset In Melbourne

Opportunity Drive

$22,321,000

$114/SF

Building Size

194,480 SF

Asset Type

Industrial

Closing

Dec 31, 2024

AI

The property asset involved in this transaction is located at 0 Opportunity Drive, Melbourne. It is classified as an industrial property with a total square footage of 194,480. The loan amount associated with this property is $22,321,000, categorized as a construction loan. The landlord for this asset is Grupo Trusot.

Summary of transaction details:

The deal includes notable brokers representing the transaction: Max La Cava, Pier Barinci, Michael DiCosimo, and Aaliyah St. Louis, all affiliated with JLL. Their involvement highlights the collaborative effort in facilitating this construction loan arrangement for the industrial asset.

Players

Michael DiCosimo

JLL

Broker

$1.6B

vol

37 deals

Broker

Melbourne 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

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93