Jordan Horowitz, Michael Horowitz & David Horowitz Of Cooper Horowitz Secures $9.6M Construction Loan For Self Storage In Kennesaw
FINANCED
$9,600,000
Georgia
See Similar DealsSelf Storage102,318 SF
Financed 09/12/2024
FINANCED
Jordan Horowitz, Michael Horowitz & David Horowitz Of Cooper Horowitz Secures $9.6M Construction Loan For Self Storage In Kennesaw
4415 Wade Green Road
See Similar DealsSelf Storage102,318 SF
Financed 09/12/2024
Summary
GEORGIA
Asset Type:Self Storage
Price Per Square Foot:$93
Total Square Footage:102,318 SF
Transaction Type:Loan
The asset involved in this transaction is a self-storage facility located at 4415 Wade Green Road in Kennesaw, GA. The property encompasses a total square footage of 102,318 and has secured a construction loan amounting to $9,600,000.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $9,600,000
- Loan Type: Construction
- Address: 4415 Wade Green Road
- Market: Kennesaw, GA
- Asset Size: 102,318 SF
The brokers involved in this transaction are Jordan Horowitz, Michael Horowitz, and David Horowitz, who represent Cooper Horowitz in facilitating the loan process for the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,600,000.00
Monthly NOI$64,000.00
Monthly Debt Service$60,678.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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