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2392 East Winco Court

Lincoln Property Company And One Investment Management Secure $74.2 Million Loan For Eastport Logistics In Boise
FINANCEDDevelopment Site

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:

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

Robert Rubano

Hines

Broker

$6.5B

vol

34 deals

Broker
Affinius Capital
Affinius CapitalLender
One Investment Management
One Investment ManagementLandlord

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