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610 Bloomingdale Road

Steven McCraney Secures $84 Million Refinance Loan For Industrial Asset In Bloomingdale GA
FINANCEDIndustrial

Steven McCraney Secures $84 Million Refinance Loan For Industrial Asset In Bloomingdale GA

610 Bloomingdale Road

$84,000,000

$83/SF

Building Size

1,007,800 SF

Asset Type

Industrial

Closing

May 14, 2025

AI

The property asset involved in this transaction is an industrial space located at 610 Bloomingdale Road in Bloomingdale, GA. The asset spans a square footage of 1,007,800 and is associated with a loan amount of $84,000,000, classified as a refinance.

Summary of transaction details:

The key individuals in this transaction include the landlord, Steven McCraney, who holds ownership of the industrial asset. The brokers involved in this deal are Melissa Rose, Michael DiCosimo, and Nicole Barba from JLL, representing the lease transaction.

Players

Michael DiCosimo

JLL

Broker

$1.6B

vol

37 deals

Broker
Truist Bank
Truist BankLender

Bloomingdale 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

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93