Updated May 12, 2025
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
About this deal
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.
On the Map
$74,200,000
Development Site
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Boise Development Site Market Snapshot
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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