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Menomonee Falls, Appleton W...

BWE Secures $5.25M Loan For Likewise Partners' Industrial Portfolio In Wisconsin & Illinois
FINANCEDIndustrial

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

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.

Players

LP
Likewise PartnersLandlord

Chicago Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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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