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905 East Dale, Henderson, N...

Updated Oct 29, 2024

Black Bear Capital Partners Arranges $7.5M Loan For Henderson Dev Site
FINANCEDDevelopment Site

Black Bear Capital Partners Arranges $7.5M Loan For Henderson Dev Site

905 East Dale, Henderson, NV 89044, USA

$7,500,000

$99/SF

Building Size

75,150 SF

Asset Type

Development Site

Closing

Feb 28, 2021

About this deal

AI

Black Bear Capital Partners has arranged $7.5 million in construction financing for the development of Executive Airport Crossing, a proposed mid-bay industrial property in Henderson, NV. The project will consist of two buildings spanning a total of 75,150 square feet. Located at 905 & 915 E Dale St, the property offers direct access to Henderson Executive Airport and major thoroughfares such as I-15 & I-215 Freeway.

Summary of transaction details

  • Property Type: Development Site
  • Address: 905 & 915 E Dale St
  • Market: Henderson, NV
  • Loan Amount: $7,500,000
  • Term: 15 months, fixed rate, non-recourse construction financing
  • Landlord: Brass Cap Development
  • Broker: Brandon Harris - Black Bear Capital Partners

The financing, arranged by Black Bear Capital Partners, provides non-recourse construction funds for the ground-up development of Executive Airport Crossing. Brass Cap Development will oversee the construction of the two-building industrial property, which will cater to businesses seeking prime industrial space in Henderson, NV.

Players

Brandon Harris

Black Bear Capital Partners

Broker

$1.2B

vol

75 deals

Broker

Henderson Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Deal FAQ

About $99 per square foot on a published $7.5M for 75,150 square feet (2021).

Visit Brandon Harris to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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