BWE Secures $13.2M Loan For Fully Leased Industrial Building In Wichita To AGCO Corp
1519 West Macarthur Road
$13,200,000
$66/SF
Building Size
200,000 SF
Asset Type
Industrial
Closing
Dec 18, 2024
AI
The property asset involved in this transaction is the Iron Horse Building 1, located at 1519 West Macarthur Road in Wichita, KS. This industrial property encompasses 200,000 square feet and is fully leased to AGCO Corp.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,200,000
- Address: 1519 West Macarthur Road
- Market: Wichita, KS
- Asset Type: Industrial
- Square Footage: 200,000
- Loan Amount: $13,200,000
The loan was secured by Bellwether Enterprise (BWE), represented by Daniel Rosenberg, Logan Petersmeyer, and Tim Caffrey, through a life insurance company specifically for a Kansas City-based developer.
Players
Wichita 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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93