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
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