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:
- Property Type: Industrial
- Transaction Amount: $84,000,000
- Address: 610 Bloomingdale Road
- Market: Bloomingdale, GA
- Square Footage: 1,007,800
- Landlord: Steven McCraney
- Broker Representatives: Melissa Rose, Michael DiCosimo, Nicole Barba - JLL
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
Bloomingdale 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93