Lincoln Property Company And One Investment Management Secure $74.2 Million Loan For Eastport Logistics In Boise
2392 East Winco Court
$74,200,000
Building Size
—
Asset Type
Development Site
Closing
Apr 9, 2025
AI
A joint venture between Lincoln Property Company and One Investment Management secured a construction loan in the amount of $74,200,000 for a development site located at 2392 East Winco Court in Boise, ID. The asset comprises a total square footage of 681,920 dedicated to the construction of Eastport Logistics, an industrial facility.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $74,200,000
- Lender: Affinius Capital
- Landlord: Lincoln Property Company and One Investment Management
- Brokers: Keith Padien & Robert Rubano - Cushman & Wakefield
- Market: Boise, ID
This construction financing transaction involved key representatives, including Keith Padien and Robert Rubano from Cushman & Wakefield, who played a role in facilitating the deal. Their expertise contributed to the successful acquisition of funding for this substantial industrial project in the Boise market.
Players
Boise Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93