Burton-Katzman Acquires Industrial Property In Chesterfield Township, MI For $17.5M
FINANCED
$17,500,000
Michigan
See Similar DealsIndustrial179,000 SF
Financed 06/15/2022
FINANCED
Burton-Katzman Acquires Industrial Property In Chesterfield Township, MI For $17.5M
52029 Sierra Drive, Chesterfield, Michigan 48047, United States
See Similar DealsIndustrial179,000 SF
Financed 06/15/2022
Summary
MICHIGAN
Asset Type:Industrial
Price Per Square Foot:$97
Total Square Footage:179,000 SF
Transaction Type:Loan
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,500,000.00
Monthly NOI$116,666.67
Monthly Debt Service$110,611.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions