Updated Oct 29, 2024
BWE Secures $5.25M Loan For Likewise Partners' Industrial Portfolio In Wisconsin & Illinois
Menomonee Falls, Appleton Wisconsin & Machesney Park, Illinois
$5,250,000
$66/SF
Building Size
79,152 SF
Asset Type
Industrial
Closing
Jun 22, 2023
About this deal
AI
The Midwestern Industrial Portfolio, located in Menomonee Falls, Appleton Wisconsin, and Machesney Park, Illinois, has secured $5.25 million in acquisition financing. The industrial portfolio encompasses a total of 79,152 square feet and is fully leased. The properties within the portfolio are occupied by Engman-Taylor and align with Likewise Partners' strategy of acquiring high-quality industrial assets with stable income.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,250,000
- Address: Midwestern Industrial Portfolio
- Market: Menomonee Falls, Appleton Wisconsin & Machesney Park, Illinois
- Lender: BWE - Christopher Carroll & Max Miller
- Landlord: Likewise Partners - Steven Buss
BWE, represented by Christopher Carroll and Max Miller, provided the acquisition financing for the Midwestern Industrial Portfolio. Meanwhile, Likewise Partners, led by Steven Buss, serves as the landlord. This deal showcases the collaborative efforts of the lending and property management teams to facilitate the acquisition of a well-leased industrial portfolio.
On the Map
$5,250,000
$66/SF
Industrial
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Players
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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