Wells Fargo Provides $112M Loan To GLP Capital Partners For Industrial Property In Glendale
FINANCED
$112,000,000
New York
See Similar DealsIndustrial133,000 SF
Financed 06/28/2021
FINANCED
Wells Fargo Provides $112M Loan To GLP Capital Partners For Industrial Property In Glendale
67-25 Otto Road, Glendale, NY, USA
See Similar DealsIndustrial133,000 SF
Financed 06/28/2021
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$842
Total Square Footage:133,000 SF
Transaction Type:Loan
Located in Glendale, the industrial property at 67-25 Otto Road & 66-31 Otto Road has been involved in a recent loan transaction. The property spans approximately 133,000 square feet, making it a notable asset within the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $112,000,000
- Lender: Wells Fargo
- Landlord: GLP Capital Partners
Wells Fargo served as the lender for this loan transaction, providing a substantial amount of $112,000,000. On the other hand, GLP Capital Partners acted as the landlord in this deal. The involvement of these key individuals and companies showcases their significant roles in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$112,000,000.00
Monthly NOI$746,666.67
Monthly Debt Service$707,916.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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