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410 Tenth Ave

Updated Nov 28, 2024

Goldman Sachs & Wells Fargo Provide $600M Construction Loan For Office Building At 410 Tenth Ave, Far West Side
FINANCEDOffice

Goldman Sachs & Wells Fargo Provide $600M Construction Loan For Office Building At 410 Tenth Ave, Far West Side

410 Tenth Ave

$600,000,000

$94/SF

Building Size

6,360,000 SF

Asset Type

Office

Closing

Sep 7, 2020

About this deal

AI

The property involved in this closed transaction is an office building located at 410 Tenth Ave in the Far West Side market. The property spans a total square footage of 636,000. The transaction was a construction loan provided by Goldman Sachs and Wells Fargo, with a loan amount of $600,000,000. The landlord of the property is @SLGreen_Realty. The office building is occupied by two major tenants, Amazon with a space of 335,000 SF and First Republic with 211,521 SF.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $600,000,000
  • Address: 410 Tenth Ave
  • Market: Far West Side

The key individuals and companies involved in this deal are Andrew Matthias, Jeff Bezos, and Marc Holliday. Andrew Matthias represents the lender, Goldman Sachs & Wells Fargo, in providing the construction loan. Jeff Bezos represents Amazon, the tenant occupying 335,000 SF of the office space. Marc Holliday represents the landlord, @SLGreen_Realty. These individuals played crucial roles in successfully closing this transaction.

Players

Goldman Sachs
Goldman SachsLender
SL Green
SL GreenLandlord

Dayton Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $94 per square foot on a published $600M for 6,360,000 square feet (2020).

Browse Dayton office loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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