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Gantry Secures $20 Million Refinance Loan For Amazon Distribution Center In Iowa City

Property Image
FINANCED
$20,000,000
Tony Kaufmann
Joe Foley

Iowa

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Industrial346,062 SF
Financed 06/17/2025
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Property Image
FINANCED

Gantry Secures $20 Million Refinance Loan For Amazon Distribution Center In Iowa City

2500 Heinz Road

See Similar Deals
Industrial346,062 SF
Financed 06/17/2025
Tony Kaufmann
Joe Foley
the dealplayerscompscontact
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Summary

IOWA
Asset Type:Industrial
Price Per Square Foot:$57
Total Square Footage:346,062 SF
Transaction Type:Loan

The asset involved in this transaction is a fully leased Amazon distribution center located at 2500 Heinz Road in Iowa City, IA, offering a total square footage of 346,062. The loan amount secured for this property is $20,000,000, categorized under a refinance loan type, which includes a 10-year fixed-rate and is structured as a non-recourse loan.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $20,000,000
  • Loan Type: Refinance
  • Loan Terms: 10-year, fixed-rate, non-recourse loan
  • Address: 2500 Heinz Road
  • Market: Iowa City, IA
  • Asset Size: 346,062 SF
  • Brokers: Tony Kaufmann & Joe Foley - Gantry

Gantry played a pivotal role in securing the refinancing loan, utilizing market conditions driven by the property’s lease renewal and ongoing demand for industrial assets to obtain favorable financing terms from a credit union.

Players

Tony Kaufmann
Gantry
Tony Kaufmann
25 deals$457.9M volume
BROKER
Joe Foley
Gantry
Joe Foley
10 deals$201.5M volume(415) 963-4554
BROKER
Gantry
Gantry
BROKERAGE

Details

FINANCED
IMAGE: 06/17/2025 ADDRESS: 2500 Heinz Road MARKET: Iowa City, IA ASSET TYPE: ~ SF: 346,062 BROKERS: Tony Kaufmann & Joe Foley - Gantry LOAN AMOUNT: $20,000,000 LOAN TYPE: Refinance LOAN TERMS: 10-year, fixed-rate, non-recourse loan NOTE: Gantry secured a $20 million refinancing loan for a fully leased Amazon distribution center in Iowa City, with a 10-year fixed-rate, non-recourse loan from a credit union. The property’s lease renewal and industrial asset demand supported the favorable financing terms.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,000,000.00

Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00