Meridian Capital Group Facilitates $52.9M Loan For Industrial Property In Sparks, NV
FINANCED
$52,900,000
Nevada
See Similar DealsIndustrial489,440 SF
Financed 08/17/2023
FINANCED
Meridian Capital Group Facilitates $52.9M Loan For Industrial Property In Sparks, NV
75 Pittsburgh Ave Sparks, Nv 89437, Usa
See Similar DealsIndustrial489,440 SF
Financed 08/17/2023
Summary
NEVADA
Asset Type:Industrial
Price Per Square Foot:$108
Total Square Footage:489,440 SF
Transaction Type:Loan
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
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$52,900,000.00
Monthly NOI$352,666.67
Monthly Debt Service$334,363.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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