Breese Industrial Partners, LLC Secures $5,250,000 Loan From SM Capital And First Mid Bank
8060 Old Us Highway 50
$5,250,000
$40/SF
Building Size
131,061 SF
Asset Type
Industrial
Closing
Jul 1, 2025
AI
The property asset involved in this transaction is an industrial facility located at 8060 Old Us Highway 50 in the Breese market. It comprises a total square footage of 131,061 and is associated with a loan amount of $5,250,000. The nature of the transaction is a purchase, facilitated through financial support from lenders including SM Capital, Inc. and First Mid Bank & Trust, N.A.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $5,250,000.00
- Address: 8060 Old Us Highway 50
- Market: Breese
- Asset Square Footage: 131,061
- Lender: SM Capital, Inc., First Mid Bank & Trust, N.A.
- Landlord: Breese Industrial Partners, LLC
- Loan Type: Purchase
Key individuals and organizations involved in the deal include the landlord Breese Industrial Partners, LLC, who manages the facility and represents the interests tied to the industrial asset. The transaction reflects the collaboration between the aforementioned lending institutions to support the purchase effort within the specified market.
Players
Breese 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93