FINANCED
Burton-Katzman Acquires Industrial Property In Chesterfield Township, MI For $17.5M
52029 & 30921 Sierra Drive
Industrial
179,000 SF
179,000 SF
Financed 1 year ago
Summary
Loan
MICHIGAN
Industrial
179,000 sqft
An industrial property located at 52029 & 30921 Sierra Drive in Chesterfield Township, MI has been involved in a closed transaction. The property spans across 179,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17,500,000
- Loan Type: Construction
- Loan Terms: Loan Amount - $17,500,000, Loan-to-Cost (LTC) - 90%
The transaction was facilitated by Burton-Katzman and Dominion Real Estate Advisors, serving as the landlord for the property. The deal was brokered by Yaakov Zar, Justin Piasecki, Richard Sutton, and Max Lipner from Lev Capital.
Players
All
4
Agents
3
Agencies
1
Details
FINANCED
IMAGE: Justin Piasecki, Richard Sutton, Max Lipner & Yaakov Zar
DATE: 06/16/2022
ADDRESS: 52029 & 30921 Sierra Drive
MARKET: Chesterfield Township, MI
ASSET TYPE: Industrial ~ SF: 179,000
LANDLORD: Burton-Katzman - Dominion Real Estate Advisors
BROKERS: Yaakov Zar, Justin Piasecki, Richard Sutton (@Rich_Sutt) & Max Lipner (@Maxyl) - Lev Capital
LOAN AMOUNT: $17,500,000
LOAN TYPE: Construction
LOAN TERMS: Loan Amount: $17,500,000, LTC: 90%View on map
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Address52029 & 30921 Sierra Drive
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