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75 Pittsburgh Ave Sparks, N...

Meridian Capital Group Facilitates $52.9M Loan For Industrial Property In Sparks, NV
FINANCEDIndustrial

Meridian Capital Group Facilitates $52.9M Loan For Industrial Property In Sparks, NV

75 Pittsburgh Ave Sparks, Nv 89437, Usa

$52,900,000

$108/SF

Building Size

489,440 SF

Asset Type

Industrial

Closing

Aug 17, 2023

AI

The industrial property located at 75 Pittsburgh Avenue in Sparks, NV has been involved in a recent loan transaction. The property spans a total square footage of 489,440 and is owned by Dalfen Industrial. The loan amount for this acquisition is $52,900,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $52,900,000
  • Address: 75 Pittsburgh Avenue, Sparks, NV
  • Market: Sparks, NV
  • Owner: Dalfen Industrial

Represented by Jeff Weinberg, Morris Betesh, and Morris Dabbah from Meridian Capital Group, the loan was secured for the acquisition of the property. The involvement of these brokers highlights their expertise in facilitating such transactions.

Players

Jeff Weinberg

Meridian Capital Group

Broker

$299.7M

vol

8 deals

Broker
Dalfen Industrial
Dalfen IndustrialLandlord

Avenue Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.30%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93