Updated Jan 2, 2025
Gateway Studios & Production Centers Secures $35 Million Loan From PACE Loan Group In Chesterfield, MO
900 Spirit of St Louis Boulevard
$35,000,000
$116/SF
Building Size
300,000 SF
Asset Type
Commercial
Closing
Dec 26, 2024
About this deal
AI
The asset involved in this transaction is a 32-acre commercial property located at 900 Spirit of St Louis Boulevard in Chesterfield, Missouri. The property encompasses a total square footage of 300,000 and is part of a larger production campus that has a projected cost of $111 million.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $35,000,000
- Lender: Robbie Pinkas - PACE Loan Group
- Landlord: Trey Kerr - Gateway Studios & Production Centers
Gateway Studios & Production Centers has secured a $35 million C-PACE loan to finance the development of its production campus, which is set to open in phases starting in 2025.
On the Map
$35,000,000
$116/SF
Commercial
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93