Xebec Secures $34.1M Construction Loan For 315K SF Industrial Property In Chino
$34,100,000
$108/SF
Building Size
315,320 SF
Asset Type
Industrial
Closing
Feb 14, 2022
AI
The property involved in this transaction is an industrial asset located in Chino. It spans a total of 315,320 square feet and sits on a 14-acre plot of land. The deal took place on 02/14/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $34,100,000
- Market: Chino
- Landlord: Xebec - Jay Soni
- Brokers: Mark Strauss & Rob Quarton - Walker & Dunlop
- Loan Type: Construction Loan
The landlord for this property is Xebec, represented by Jay Soni. The brokers involved in the deal are Mark Strauss and Rob Quarton from Walker & Dunlop. The loan amount for this transaction is $34,100,000 and it is a construction loan.
Players
Market 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93