Updated Jan 31, 2025
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $22,321,000
- Square Footage: 194,480
- Address: 0 Opportunity Drive
- Market: Melbourne
- Landlord: Grupo Trusot
- Brokers: Max La Cava, Pier Barinci, Michael DiCosimo & Aaliyah St. Louis - JLL
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.
On the Map
$22,321,000
$114/SF
Industrial
View full map
Players
Melbourne Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit Max La Cava to view all their deals.
Browse Melbourne industrial loans on Traded.
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