facebook

traded

+ Submit
Home

/

Deals

/

Georgia

/

Industrial

/

Loan

/

702 Bloomingdale Rd

McGraney Property Company Secures $62.8M Construction Loan For Industrial Property In Savannah, GA
FINANCEDIndustrial

McGraney Property Company Secures $62.8M Construction Loan For Industrial Property In Savannah, GA

702 Bloomingdale Rd

$62,830,000

$62/SF

Building Size

1,007,800 SF

Asset Type

Industrial

Closing

Aug 12, 2022

AI

The industrial property located at 702 Bloomingdale Rd in Savannah, GA has recently undergone a closed transaction. Spanning over 1,007,800 square feet, this industrial asset was involved in a construction loan deal.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $62,830,000
  • Loan Type: Construction

Steven McCraney, the landlord, represented by his company McCraney Property Company, played a key role in this transaction. The brokerage services were provided by Melissa Rose, Michael DiCosimo, and Mateo Bolivar of JLL.

Players

Michael DiCosimo

JLL

Broker

$1.6B

vol

37 deals

Broker
Steven E. McCraney

Steven E. McCraney

McCraney Property Company

Landlord

$319.1M

vol

8 deals

Landlord

New York 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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93